JAXON MINING INC. ("JAX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 2, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation in connection with an Asset Purchase Agreement dated August 9, 2017 subsequently amended on January 30, 2018 between the Company and Van Silver Holdings Ltd. (Martial Levasseur) whereby the Company has acquired additional claims contiguous to its Hazelton project, located 50 kilometers north of Smithers, British Columbia. The aggregate consideration will be staged by paying $25,000 cash and issuing 250,000 shares of Jaxon over three years. The claims are subject to a 2-per-cent net smelter return, which can be bought back for $1-million per 1 per cent. If the claims are placed into production, a further $50,000 payment and issuance of 100,000 Jaxon shares are due.
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