MINAURUM GOLD INC. ("MGG") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: September 19, 2016 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Option to Purchase agreement dated September 1, 2016 between Minaurum Gold Inc. (the Company) and Benjamin Leonardo Lagarda Burton, Minerales Tarachi (the Vendor) whereby the Company may acquire a 100% interest in the Quintera Property (4,698 hectares) located 8km west of Alamos, Sonora Mexico. Consideration is $600,000 cash, 6,000,000 common shares and $3,000,000 in exploration expenditures over a six year period. The Vendor retains a 2% NSR with the Company having the right to acquire 0.5% of the NSR for $1,000,000 at any time. If commercial production is attained the Company must pay the Vendor $2,000,000. ________________________________________
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