The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of 100-per-cent interest in 12 minerals claims in two licences in or around the Great Burnt project in Newfoundland. The property is subject to a 2.0-per-cent NSR (net smelter return) payable to the vendor, in which 1.0 per cent can be purchased back by the company by paying $1-million cash.
Cash ($) Securities Work expenditures ($)
$12,000 150,000 common shares N/A
For further details, please refer to the company's news releases dated May 2, 2024, and May 3, 2024.
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