FIRST AMERICAS GOLD CORPORATION ("FAC")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: June 24, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for expedited filing a Property Option Agreement dated June 17, 2013 between the Company and Gerald Locke and Kenneth Ellerbeck (the "Optionors") whereby the Company has the exclusive and irrevocable right and option to acquire 100% of the right, title and interest in and to 61 contiguous mining claims consisting of 11,592 hectares that comprise the Chu Chua Project (the "Property") located in the Kamloops Mining Division, approximately 24 kilometres northeast of Barriere, British Columbia. Total consideration consists of $500,000, the issuance of 1,000,000 common shares of the Company to the Optionors (up to 250,000 in the first year) and incurring an aggregate of $2,000,000 in exploration expenditures over a four year period. The Property is subject to a 2% NSR of which the Company may re-purchase 1% for $750,000.
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