BOWMORE EXPLORATION LTD. ("BOW")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 4, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Option Agreement dated September 30, 2014 among Bowmore Exploration Ltd. (the "Company"), Southfield Resources Ltd., Campfire Resources Ltd. and A. Wayne Lockhart (collectively, the "Optionors"), whereby the Company has acquired an option to obtain a 100% interest in a number of mineral claims located in New Brunswick, known as the Victoria Lake Mineral Property. In consideration, the Company will pay $210,000 in cash ($60,000 in the first year), issue 1,200,000 shares (250,000 shares in the first year) and incur a total exploration expenditures in the amount of $1,000,000 ($100,000 in the first year) over four years. The Optionors will retain a 2% NSR, of which 1% can be purchased for $1,000,000 by the Company.
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