INTACT GOLD CORP. ("ITG") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: June 24, 2016 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a letter agreement dated May 9, 2016 (the 'Agreement') between the Company and Caprock Ventures Corp. (Jeremy Andrews) (the 'Optionor'). Pursuant to the terms of the Agreement, the Company may acquire a 100% interest in the Belletere Extreme East Property and the Ortona Property (the 'Properties'). By way of consideration, the Company will make cash payments totalling $25,000 and will issue 1,500,000 shares at a deemed price of $0.12 per share. An additional 500,000 shares may be issued to the Optionor if certain targets are met. Exploration expenditures of $500,000 are required within three years. The Properties are subject to a 0.5% NSR is favour of the Optionor, which the Company may repurchase for $500,000. The original vendors of the Properties also retain NSRs (1% on the Ortona Property and 3.5% on the Belleterre Extreme East) all of which may be repurchased by the Company.
Please refer to the Company's news release dated May 10, 2016 for further details. ________________________________________
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