PARA RESOURCES INC. ("PBR")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 10, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an Asset Purchase Agreement dated August 2, 2017 between Para Resources Inc. and Gold Road Mining Corp. (the Company) and Mojave Desert Minerals LLC (the Vendor) whereby the Company may acquire a 100% interest in the Gold Road Mine, located in Oatman Arizona, and all mine, mill assets and equipment. Consideration is US$6,767,540, with US$767,540 payable upon closing with the remainder of US$6,000,000 structured as secured note payable at US$1,000,000 on the anniversary date of closing for six years. The Vendor retains a 2% NSR on product mined at the Gold Road Mine and a 1% NSR on product processed at the Gold Road mill.
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