| TORONTO, ON - June 3, 2016 -Barkerville Gold Mines Ltd. (TSXV: BGM) (“Barkerville” or the “Company”) is pleased to announce that it has entered into a mining claim acquisition agreement with Gary J. Newell, Rolland Menard and Donald Ross Twa (collectively, the “Vendors”), pursuant to which Barkerville can acquire a 100% interest in 18 mineral claims (the “Nugget Mountain Claims”) located in the Cariboo Mining District, in exchange for: - an aggregate of CDN$200,000 payable to the Vendors;
- an aggregate of 300,000 common shares of Barkerville issuable to the Vendors; and
- an aggregate of 40,000 common shares of Barkerville issuable as a finder’s fee.
The acquisition of the Nugget Mountain Claims increases the Company’s expanding land package by approximately 450 hectares (1,112 acres) in the Cariboo Mining District. The acquisition of the Nugget Mountain Claims is subject to receipt of all necessary approvals, including that the TSX Venture Exchange and the common shares issuable thereunder will be subject to a statutory hold period of four months and one day from the date of issuance. For further information on Barkerville Gold Mines Ltd., please contact: Tom Obradovich
Chief Executive Officer
(416) 361-2511
tobradovich@barkervillegold.com |