KHALKOS EXPLORATION INC. ("KAS")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: November 17, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to an arm's length option agreement between Khalkos Exploration Inc. (the "Company") and Dundee Precious Metals Inc. ("Dundee") in connection with the Company's disposition of an interest of up to 71% in its Malartic Property located in Val d'Or, in the Province of Quebec (the "Property").
The consideration payable by Dundee for the acquisition of a 51% interest in the Property consists in $412,500 in cash, the issuance of 70,000 common shares of Dundee and a total of $2,500,000 in exploration work over a period of three years.
The consideration payable by Dundee for the acquisition of the additional 20% interest in the Property consists in a total of $3,500,000 in exploration work during the following three years.
Dundee shall also have the right to participate in all subsequent financings of the Company for A minimum amount corresponding to 50% of the value of each financing.
The Company issued news releases dated May 23, 2017 and July 4, 2017, in connection with that transaction.
EXPLORATION KHALKOS INC (" KAS ")
TYPE DE BULLETIN : Convention de vente d'actif ou convention de vente d'actions
DATE DU BULLETIN : Le 17 novembre 2017
Societe du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepte le depot d'avis de la societe relativement a un contrat entre personnes sans lien de dependance entre Exploration Khalkos inc. (la " societe ") et Dundee Precious Metals Inc. (" Dundee "), concernant la cession par la societe d'un interet maximum de 71% dans sa propriete Malartic, situee a Val d'Or au Quebec (la " propriete ").
La consideration payable par Dundee pour l'acquisition de l'interet de 51% dans la propriete consiste en 412 500 $ en especes, en l'emission de 70 000 actions ordinaires de Dundee et en travaux d'exploration totalisant 2 500 000 $ sur une periode de trois ans.
La consideration payable par Dundee pour l'acquisition de l'interet additionnel de 20% dans la propriete consiste en travaux d'exploration totalisant 3 500 000 $ sur la periode suivante de trois ans.
Dundee aura l'option de participer dans tous les financements futurs de la societe pour un montant minimum correspondant a 50% de la valeur de chaque financement.
La societe a emis des communiques de presse dates du 23 mai 2017 et 4 juillet 2017 relativement a cette transaction.
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