Purchase Terms with Klondike Discoveries & Whistler MineralsLooks like a pretty good deal for SGD and likely worth the risk.
From SGD's press release: The Company has entered into an agreement with arm’s length parties RST Klondike Discoveries Ltd. and Whistler Minerals Corp.....whereby the Company has acquired 92 mineral claims in exchange for:
(i) the payment of $1,000,000 in cash and
(ii) the issuance of 200,000 warrants, each for purchase of a single common share of the Company at a price of $3.50 for a period of two years. The Warrants are subject to a hold period of four months and one day from the closing of the Acquisition, in accordance with applicable Canadian securities laws, expiring on October 1, 2023.
iii) The Vendors will retain a 1.0% NSR on the claims and will be entitled to up to two bonus payments of $1M each if a measured or indicated mineral resource of >1 million ounces of gold is disclosed in compliance with NI 43-101 standards on certain claims.