BULLETIN V2024-1164
GOLDEN HORSE MINERALS LIMITED ("GHML")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 22, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the arm's length acquisition of the Bullfinch Gold Project located 34 kilometres from the Southern Cross township within the Yilgarn mineral field, Western Australia (the "Property"), pursuant to a sale and purchase agreement dated June 26, 2023 (the "Agreement") between the Company and an arm's length vendor. Pursuant to the terms of the Agreement, the purchase price is a cash payment of AU$100,000 on the execution of the Agreement and an issuance of AU$650,000 of common shares of the Company ("Share Consideration") to the arm's length vendor. Alternative to the Share Consideration, the Company may pay an additional cash consideration of AU$650,000 (the "Alternative Additional Cash Consideration"). The Company may elect to pay either the Share Consideration or Alternative Additional Cash Consideration upon the Company completing a secondary listing on the ASX. If the Company does not complete a secondary listing on the
ASX before the end date of the Agreement, the outstanding consideration must be paid in cash. The Company has extended the end date of the Agreement by making an additional cash payment of AU$50,000.
An arm's length royalty holder will retain a 1% NSR Royalty on the Property, subject to the Company's right to re-purchase the NSR at any time for AU$1.7 million.
For further details, please refer to the Company's news releases dated June 26, 2023 and April 22, 2024.
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