BULLETIN V2024-0626
TDG GOLD CORP. ("TDG")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 27, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange (the "Exchange") has accepted for filing documentation pertaining to a property acquisition agreement (the "Acquisition Agreement") dated effective February 13, 2024 (the "Effective Date") between TDG Gold Corp. (the "Company"), TDG BC Assets Corp ("TDG BC") a wholly owned subsidiary of the Company, and ArcWest Exploration Inc. ("ArcWest"), whereby the Company and TDG BC will acquire 100% interest in certain mineral claims known as the Oxide Peak property (the "Property") located in the Toodoggone District of north-central B.C. (the "Transaction")
As consideration, upon the Exchange approval, the Company will pay ArcWest $100,000 in cash and issue 412,031 common shares of the Company. Additionally, ArcWest will retain a 2.0% NSR royalty on the Property with an option for the Company to buy back 1% of this royalty for $2,000,000.
According to the Acquisition Agreement, upon closing the Transaction, the Company, TDG BC and ArcWest will concurrently terminate their previous option and joint venture agreement dated December 22, 2019, pursuant to which ArcWest granted TDG BC an option to acquire up to an 80% aggregate ownership interest in the Property.
This transaction is arm's length in nature, and no finder's fee is payable.
For further details, please refer to the Company's news release dated February 14, 2024.
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