Nexus Gold agreement for Black Ridge, Bauline projects

Jun 27, 2019

2019-06-27 18:49 ET – Property Agreement

The TSX Venture Exchange has accepted for filing a mineral property acquisition agreement dated June 17, 2019, between Nexus Gold Corp., and Robert Stares, Alexander Stares, Stephen Stares, Michael Stares and 1184091 B.C. Ltd. (Charanjit Hayre), whereby the company may acquire a 100-per-cent interest in the Black Ridge gold project and the Bauline epithermal gold project, located in Newfoundland. Consideration is 5.5 million common shares. The vendor retains a 2-per-cent net smelter return (NSR), with the company having the right to repurchase one-half (1 per cent) at any time for $1-million.

A finder’s fee of 491,448 common shares is payable to Transcend Capital Inc. (Etienne Moshevich).

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