American Eagle Gold Corp V.AE

TSX Venture Exchange Stock Maintenance Bulletins/ AE AMONGST

[Humanist]

https://ceo.ca/@newswire/tsx-venture-exchange-stock-maintenance-bulletins-ab7b1

AMERICAN EAGLE GOLD CORP. ("AE")
BULLETIN TYPE:  Property-Asset or Share Disposition Agreement
BULLETIN DATE:  January 4, 2023
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation with respect to the non-arm's length disposition of 20% working interest in the NAK Copper-Gold Porphyry project (the "Interest"), consisting of 5 mineral claims located northeast of Smithers, British Columbia for consideration of $1,000,000 in work obligations (includes 5% management fee to the Company).  The Interest is subject to a 2% net smelter royalty, of which 1% can be bought back for $1,500,000.  The Interest is also subject to a 1% net smelter royalty, of which 0.5% can be bought back for $1,000,000.
 

	CASH ($)	SECURITIES	WORK EXPENDITURES (S)
CONSIDERATION	N/A	N/A	$1,000,000

For further details, please refer to the Company's news release dated October 13, 2022 and December 30, 2022.

 

[tannin]

Seems like very expensive exploration money....or am I missing something here

[martindale]

They are just ratifying the deal they made with their sister company, the deal AE and ORX had from Oct 13 news release..  OREFINDERS RESOURCES INC. ("ORX")  BULLETIN TYPE: Property-Asset or Share Purchase Agreement  BULLETIN DATE: January 4, 2023  TSX Venture Tier 2 Company TSX Venture Exchange has accepted for filing documentation with respect to the