The Property is comprised of 88 mineral claims totaling 1,760 Ha.
Under the terms of the agreement, Pacton will purchase 100% of the Property by issuing 192,310 common shares on receipt of TSX Venture Exchange acceptance to the transaction. The Property is subject to net smelter return royalties totaling 2.25%. The Company has the option to buy back a portion of the royalties for $250,000.
The transaction is subject to the acceptance of the TSX Venture Exchange.
Source: Company Press Release
