Following the transaction, which was announced in July 2013, Brades has acquired complete stake in the Lorne Lake property in consideration for the issuance of 3,500,000 common shares.
In addition, Brades has granted a 2% net smelter return royalty on the property in favor of a vendor, Ryan Kalt.
Brades is a junior exploration and development company with a focus of operations on Canadian resource properties. The company is currently progressing its BRC porphyry copper-gold property in the Iskut River District in British Columbia.
