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Bullboard - Stock Discussion Forum Barkerville Gold Mns Ltd BGMZF

Barkerville Gold Mines Ltd is a Canada based company operates in the business of Gold. It is engaged in the production and sale of gold, and the exploration, development, and acquisition of mineral properties in British Columbia. The mineral tenures cover approximately 2,000 square kilometres. The company primarily holds interests in Cariboo Gold Belt District, Island Mountain, Cow Mountain and... see more

OTCQX:BGMZF - Post Discussion

Barkerville Gold Mns Ltd > Building a mining district - New claims added.
View:
Post by FlyingV67 on Apr 24, 2018 6:35pm

Building a mining district - New claims added.

Barkerville Gold Mines Ltd
Symbol C : BGM
Shares Issued 436,563,997
Close 2018-04-24 C$ 0.67
Recent Sedar Documents
 

 

Barkerville to buy 12 Cariboo claims for cash, shares

 

2018-04-24 18:27 ET - News Release

 

Mr. Chris Lodder reports

BARKERVILLE ENTERS INTO AGREEMENT TO PURCHASE MINERAL CLAIMS

Barkerville Gold Mines Ltd. has entered into an agreement to purchase 12 mineral claims covering an area of 5,300 hectares, located in the Cariboo gold district in British Columbia.

The purchased claims, which are contiguous with other mineral tenures currently held by Barkerville, are accessible by highway, exploration trails and partially deactivated logging roads. The area, which includes the Lightening Creek alluvial field, has been explored intermittently since the 1870s with such recent exploration consisting of geological mapping, geochemical sampling, diamond drilling and geophysics. Most of the area's major creeks have also hosted placer operations. The acquisition of these claims is in line with Barkerville's current strategy to acquire neighbouring claims of geological importance.

As consideration for the acquisition, the corporation has agreed to pay the vendor a cash purchase price of $300,000 in immediately available funds and to issue the vendor an aggregate of three million common shares in the capital of the corporation. The common shares issuable in connection with the acquisition will be subject to a four-month-and-one-day hold period in accordance with applicable securities legislation. The acquisition remains subject to TSX Venture Exchange approval.

Comment by FlyingV67 on Apr 24, 2018 6:42pm
Stealth move acquiring many claims in past few months - BEFORE the NI-43101 and the price for surrounding claims increases dramatically.
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