GOLDMINING INC. ("GOLD")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 21, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an asset purchase agreement dated May 9, 2017 (the 'Agreement') between the Company and The Bowra Group Inc, as court-appointed receiver of Tyhee N.W.T. Corp. (the 'Receiver'). Pursuant to the terms of the Agreement, the Company has acquired a 100% interest in the Yellowknife Gold Project and the Big Sky Property, both located in the Northwest Territories (the 'Property'). By way of consideration, the Company issued 4,000,000 shares. The shares will be held by the Receiver to be distributed at a later date to RMB Australia Holdings Limited and Red Cloud Klondike Strike Inc. The Property is subject to certain pre-existing royalties.
A success fee of $180,496 is payable to Haywood Securities Inc. in shares of the Company. 108,693 shares of the Company were issued to satisfy the payment of the success fee.
Please refer to the Company's news releases dated May 10, 2017 and July 21, 2017 for further details.
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