MAGMUM GOLD CORP. ("MGI")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: April 27, 2016
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Asset Purchase Agreement Dated March 1, 2016 Among: Cobra Venture Corporation ("Cobra"), International Bethlehem Mining Corp ("IBC" and together with Cobra, the "Vendors") and Magnum Goldcorp Inc. (the "Company"), whereby the Vendors sold to the Company all of their respective interests in the LH Property, Slocan Mining Division, B.C.
Magnum will issue 17,120,000 common shares in its capital to Cobra and 32,897,255 common shares in its capital to IBC (collectively, the "Magnum Shares") as consideration for their respective interests in the LH Property
The transaction was approved by the majority of minority shareholders of Magnum Goldcorp Inc. at the Annual General and Special Meeting of shareholder held on April 7, 2016.
Further information on the transaction can be found on the Company's profile on SEDAR in the Information Circular dated March 3, 2016 and news release dated Dec 21, 2015, March 10 & April 27,& May xx, 2016
CASH SHARES WORK EXPENDITURES
International Bethlehem Mining Corp 0$ 32,897,255 0$
Cobra Venture Corporation 0$ 17,120,000 0$
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