GITENNES EXPLORATION INC. ("GIT")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 15, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Letter Agreement for Mineral Exploration and Mining Option Agreement dated February 14, 2017 between Gitennes Exploration Inc. (the Company) and Omineca Gold Ltd. (the Vendor) whereby the Company may acquire a 100% interest in the Snowbird Property (2,021 hectares) located 20 kilometers west of Fort St. James, BC. Consideration is 12,000,000 common shares and $1,500,000 in work expenditures prior to September 30, 2020. The property is subject to a 2% NSR which is capped at $1,300,000, reverting to a 1% NSR with no cap thereafter.
Finder's fees of $52,500 are payable prior to September 30, 2020 to Johnston-Sequoia Capital Corporation (Matt Johnston). A portion of the finder's fees may be settled in shares rather than cash.
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