The TSX Venture Exchange has accepted for filing documentation with respect to an arm's-length option agreement between Thistle Resources Corp., a wholly owned subsidiary of Thistle Resources Inc., and an arm's-length party, Prospect 'Or Corp. Pursuant to the option agreement, the company will have an option to acquire a 100-per-cent interest in four mineral claim blocks located in New Brunswick.
In order to exercise the option, the company must make aggregate cash payments of $90,000 and issue an aggregate of one million common shares of the company to the optionor over a three-year term.
Upon exercise of the option, the optionor will retain a 2-per-cent net smelter return (NSR) royalty on the property, one-half (a 1-per-cent royalty) of which may be repurchased by the company at any time for a one-time cash payment of $1-million.
For further details, please refer to the company's news release dated June 17, 2026.
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