22/03/22 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
ALLEGIANT GOLD LTD. ("AUAU")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: March 22, 2022
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a Mineral Lease Agreement dated March 15, 2022 between the Allegiant Gold (U.S.) Ltd. (the "Company") and Anchor Minerals, Inc. ("Anchor"), whereby the parties terminated the Lease Agreement dated January 28, 2019 and amended the lease on the Goldfield West property located in Nevada. The new agreement suspends the advanced royalty payments to Anchor in return for a one-time payment to Anchor of $140,000 (U.S.) consisting of $60,000 (U.S.) in cash and $80,000 (U.S.) equal to 277,668 common shares with a deemed price of $0.365 per share. After five years, a new advanced royalty payment will commence at $50,000 (U.S.) with an annual adjustment tied to inflation. The Company will initiate a US$1.5-million work program at Goldfield West over the next five years.
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