SUNVEST MINERALS CORP. ("SSS")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 23, 2016
TSX Venture Tier 2 Company
Property-Asset or Share Purchase Agreement
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation pertaining to an agreement dated August 22, 2016 (the "Agreement"), between Sunvest Minerals Corp. (the "Company"), 2254022 Ontario Ltd., 2157101 Ontario Inc., Denis Chartre and Roger Dufrense (collectively, the "Vendors"). Pursuant to the Agreement, the Company has acquired the the option to earn a 100% interest in the Roy property, Ontario (the "Property").
Consideration is as follows:
SHARES EXPLORATION
EXPENDITURES
Closing 600,000 -
October 24, 2017 900,000 $50,000 Total 1,500,000 $50,000
In addition, the Agreement is subject to a 2% NSR to the Vendors on certain claims of the Property. The Company may buy back 1% of the NSR at any time for $1,000,000
A finder's fee of $27,000 is payable to Robert Weicker.
Insider / Pro Group Participation: N/A
For additional information please refer to the Company's news releases dated August 24, 2016 and October 24, 2016.
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