TRUE NORTH GEMS INC. ("TGX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 12, 2022
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation in connection with a Letter of Intent dated June 30, 2022 between the Company and Lithium One Metals Inc. whereby the Company will acquire a 50% interest in the Cyr-Kapiwak Claims located in Quebec. Consideration is 1,000,000 units with the warrants exercisable into common shares at $0.20 per share for a 24 month period and $250,000 in work commitments over a 24 month period.
The claims are subject to a 2% NSR of which 1% can be acquired by the Company for $1,000,000 subject to further Exchange review and acceptance.
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