Post by
wreckhouse on Apr 17, 2023 8:06pm
GOLD BUGS
Galloper Gold Corp. enter into letter of intent to acquire Rocky Island Gold Corp. from Sassy Gold Corp. (CNSX:SASY) on May 20, 2022. Galloper Gold Corp. entered into a share purchase agreement to acquire Rocky Island Gold Corp. on May 23, 2022. Galloper Gold agreed to acquire all of the issued and outstanding shares in the capital of Rocky Island Gold. As consideration for the transaction, Sassy has received 8,000,000 common shares in the capital of Galloper Gold, in addition to a cash payment of CAD 700,000. An additional one million (CAD 1,000,000) dollars shall be paid to the Vendor upon completion of a positive feasibility that shows that placing a Property or part thereof into production is feasible and economic; an additional one million (CAD 1,000,000) dollars shall be paid to the Vendor upon the declaration of a five hundred thousand (500,000) ounce gold equivalent resource proven, measured, indicated and inferred (“PMII”) on any Property; and an additional one million (CAD 1,000,000) dollars shall be paid to the Vendor upon the declaration of a one million (CAD 1,000,000) ounce gold equivalent resource PMII on any Property. Brad Schneider, Bill deJong and Claudia Honetschlaeger of Fasken Martineau DuMoulin LLP acted as legal advisor to Sassy Gold Corp
Reading over today's news I did a follow up on rocky island gold and the royality with Vulcan . Keep doing your DD . BCRNW