STRIKEPOINT GOLD INC. ("SKP") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: January 29, 2014 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to an Option Agreement (the "Agreement") between the Company and an arm's-length third party group. (the "Vendor"), whereby the Company will acquire acquired an option to earn a 100% interest in the Lobstick Gold Property located in the Western Wabigoon Subprovince, Lobstick Township, Ontario. Pursuant to the terms of the Agreement, the Company will initially pay $5,000 in cash and issue 50,000 common shares ("Shares") at a deemed price of $0.05 per Share.
The Exchange understands that, under certain circumstances, additional payments may be made to the Vendor totaling $165,000 and 2,450,000 Shares ("Additional Shares"). In addition, a net smelter return royalty ("NSR") of 3% may be granted to the Vendor under certain circumstances with an 2% buyback option in increments of 1% NSR for $1,000,000.
Insider / Pro Group Participation: None
For further details please refer to the Company's press release dated January 22, 2014. ________________________________________
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