RE:Halted!
Sojourn Explorations option agreements with Millrock
2017-08-25 16:32 ET - Property Agreement
Shares issued 15,067,546
SOJ Close 2017-05-31 C$ 0.05
The TSX Venture Exchange has accepted for filing documentation pertaining to an option agreement dated June 9, 2017, between Sojourn Explorations Inc. and Millrock Resources Inc. Pursuant to the first agreement, Sojourn Explorations has the option to acquire a 100-per-cent interest in the Willoughby property.
The exchange has also accepted for filing documentation pertaining to an option agreement dated June 9, 2017, between Sojourn Explorations and Millrock Resources. Pursuant to the second agreement, Sojourn Explorations has the option to acquire a 100-per-cent interest in the Oweegee property.
Aggregate consideration pursuant to the first agreement and second agreement is 1.8 million shares of Sojourn Explorations (issued) and a further 2.34 million shares on the first anniversary of exchange approval.
In addition, aggregate work expenditures of $4-million are required over a period of three years.
Insider/pro group participation: none
For additional information, please refer to Sojourn Explorations' news releases dated June 14, 2017, and Aug. 24, 2017.
Resume trading
Effective at the open on Monday, Aug. 28, 2017, trading in Sojourn Explorations' shares will resume.