The TSX Venture Exchange has accepted for filing an option agreement dated April 27, 2026, with respect to the arm's-length acquisition of a 100-per-cent interest in the Pocologan copper-gold-silver project, about 40 kilometres west of Saint John in New Brunswick. The agreement provides for the following total consideration to be made over a four-year period.
Consideration: $150,000 cash; 1,666,667 common shares at deemed issue price per share of nine cents; and $124,700 in work expenditures
The property is subject to a 2-per-cent net smelter return (NSR) royalty, in favour of the optionors, of which a 1-per-cent royalty can be repurchased by the company for a one-time cash payment of $1-million.
For further details, please refer to the company's news release dated May 4, 2026.
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