CASTLE PEAK MINING LTD. ("CAP") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: April 20, 2018 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a share purchase agreement dated July 31, 2017 (the "Agreement") between the Company and Star Goldfields Ltd., a private Ghana company, for the sale of the Company's wholly owned subsidiary, Castle Peak (2006) Ltd. ("Castle Peak (2006)"). Castle Peak (2006) indirectly held all of the Company's mining exploration assets in Ghana. The Company received US$4,250,000 in cash consideration in staged payments for the sale.
There were finder's fees of $212,500 paid in cash and the transaction was not a non-arm's length transaction.
For further information, please refer to the Company's news releases dated November 7, 2017 and March 20, 2018.
Insider / Pro Group Participation: Nil ________________________________________
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