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The TSX Venture Exchange has accepted for filing an agreement dated June 11, 2024, between the company and an arm's-length party, whereby the company will acquire 100 per cent of the right, title and interest in and to three claims adjacent to the company's existing Copper Keg project, located approximately 55 kilometres west of Kamloops, B.C.
By way of consideration, the company will make cash payments totalling up to $20,000 and will issue up to 1.5 million shares.
The vendor will retain a 2.0-per-cent net smelter return (NSR) royalty on the claims. The company may purchase a 0.5-per-cent royalty for $1-million.
For further details, please refer to company's news release dated June 12, 2024.
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