STANDARD GRAPHITE CORP. ("SGH")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 19, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Option Agreement dated July 25, 2016 between Standard Graphite Corp. (the "Company") and SOQUEM Inc. (the "Vendor"), whereby the Company has the option to acquire a 50% interest in Philibert gold project in Quebec. In consideration, the Company will issue a total of 3,500,000 common shares (500,000 shares in the first year) over six years and incur exploration costs of $3,500,000 ($300,000 in the first year) over a five-year period. There will be finder's fee payable to Jeff Sharpe for a total of $48,375 ($32,625 in the first year) over five years.
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