TSX VENTURE COMPANIES
ABITIBI ROYALTIES INC. ("RZZ")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 27, 2015
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to a Letter of Intent Royalty Agreement dated June 15, 2015, between Abitibi Royalties Inc. (the "Company") and Golden Valley Mines Ltd. ("Golden Valley"), pursuant to which the Company has the right to acquire a 2% net smelter royalty (NSR") on the Smokehead property, which consists of two mineral claims totaling 97 hectares located approximately one kilometre southeast of the Canadian Malartic mine in Quebec, in consideration of $5,021. The Company also has a three year option to increase its NSR in the property by 1% annually, for a maximum of three years subsequent to the first above payment of $5,021, in consideration for the payment of the annual claim maintenance fees required to maintain the Smokehead property in good standing. Also, Golden Valley has agreed to pay to the Company 15% of the net proceeds from the sale of the Smokehead property in consideration for the Company paying an additional $5,000 to Golden Valley.
For further details, please refer to the Company's press release dated June 16, 2015.
LES REDEVANCES ABITIBI INC. (" RZZ ")
TYPE DE BULLETIN : Convention d'achat de propriete, d'actif ou d'actions
DATE DU BULLETIN : Le 27 juillet 2015
Societe du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepte le depot de la documentation relativement a une lettre d'intention de convention de royaute datee du 15 juin 2015, entre Les redevances Abitibi inc. (la " societe ") et Les mines de la vallee de l'or ltee (" Le vendeur "), en vertu de laquelle la societe a le droit d'acquerir une royaute nette de fonderie (" NSR ") de 2% portant sur la propriete Smokehead, laquelle consiste en deux claims miniers totalisant 97 hectares situes a approximativement un kilometre au sud-est de la mine Canadian Malartic au Quebec, en consideration de 5 021 $. La societe a aussi une option de trois ans pour augmenter son NSR dans la propriete par 1% annuellement en consideration du paiement des frais annuels requis pour maintenir la propriete Smokehead en regle. Aussi, le vendeur a convenu de payer a la societe 15% du produit net de la vente de la propriete Smokehead en consideration du paiement par la societe de 5 000 $ au vendeur.
Pour plus d'information, veuillez vous referer au communique de presse date du 16 juin 2015.
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