REGULUS RESOURCES INC. ("REG")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: August 12, 2014
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to a Letter of Intent dated December 19, 2013 (the ?LOI?) between the Company and Highway 50 Gold Corp. (the ?Vendor?). As per the terms of the LOI, the Company proposes to acquire an option (the ?Option?) to earn a 50% interest in the Golden Brew Property from the Vendor. To exercise this option, the Company must: (a) spend US$5,000,000 in exploration expenditures on the property over 5 years; (b) pay all claim holding costs; and (c) assume all rental payments pursuant to an underlying agreement with a third party. Mr. John M. Leask and Mr. Gordon P. Leask are common directors of the Company and the Vendor.
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