MINFOCUS EXPLORATION CORP. ("MFX")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 12, 2018
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Letter Agreement dated March 2, 2018 and an Amendment to the Letter Agreement dated March 2, 2018 between Minfocus Exploration Corp. (the Company) and Wayde and Myrtle Guinchard (the Vendors) whereby the Company may acquire a 100% interest in the Round Pond Property (30 claims, 750 hectares) located on the Northern Peninsula in Western Newfoundland. Consideration is 3,750,000 common shares in the first two years and then the option of either paying $25,000 cash or issuing a further 1,500,000 shares on the 2 year anniversary date, work commitments to keep the claims in good standing and a 2% NSR. The Company retains the right to repurchase 1.25% of the NSR for $1,500,000.
For more details please see the Company's news release dated March 5, 2018.
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