GOLDEN PREDATOR MINING CORP. ("GPY")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: January 12, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Mineral Property Purchase Agreement dated December 23, 2016 between the Company and Bearing Resources Ltd. whereby the Company will acquire a 100% interest in certain mineral claims located in the Upper Hyland River area of Yukon Territory. Consideration is $275,000 and up to 1,400,789 common shares payable over a four year period. The Company will grant to the Vendor a 2% net smelter return royalty on claims not subject to royalty under the terms of the Royalty Agreement dated October 27, 2011 between the Vendor and Freeport-McMoran of Canada Limited and a 1% net smelter returns royal on claims subject to the Freeport NSR. The Company may repurchase one-half of the NSR for $1,000,000 subject to further Exchange review and acceptance.
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