UNITY ENERGY CORP. ("UTY")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 8, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Option Agreement dated April 17, 2014 (the "Agreement") between Unity Energy Corp. (the "Company") and Basin Minerals Ltd. (Cora Chau, the "Vendor"), whereby the Company can earn a 100% interest in the Camsell Property which includes five mineral claims located in the north-western Athabasca Basin, on the north shore of Athabasca Lake in Saskatchewan (the "Property"). In consideration, the Company will pay $20,000 in cash and issue 1,000,000 common shares to the Vendor within 5 days of the Exchange's approval, a further cash consideration of $100,000 within 24 months and $450,000 within 42 months will be required from the Company under the Agreement. The Company is also required to complete $2,000,000 in exploration expenditures on the Property within five years of the date of the Agreement.
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