COLUMBUS GOLD CORPORATION ("CGT")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: November 6, 2013
TSX Venture Tier 2 Company
The TSX Venture Exchange Bulletin has accepted documentation in connection with an option agreement (the "Agreement") between Columbus Gold Corporation (the "Company") and Nord Gold NV ("Nordgold") dated September 17, 2013. Under the Agreement the Company has granted Nordgold the option (the "Option") to earn up to a 50.01% interest in 3 of the 8 mineral concessions that form the Paul Isnard gold project in French Guiana. In order to exercise the Option, Nordgold must expend not less than US$30 million in 3 years in staged work expenditures, which includes a requirement for Nordgold to pay the Company US$4.2 million in cash no later than May 21, 2014. The US$4.2 million payment is due in consideration of the Company purchasing an underlying royalty on the Paul Isnard gold project.
For further information please see the Company's news release dated September 18, 2013 which is available under the Company's profile on SEDAR.
________________________________________
|
|
