SMOOTH ROCK VENTURES CORP. ("SOCK")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: January 15, 2018
TSX Venture Tier 2 Company
Property-Asset or Share Purchase Agreement:
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation pertaining to an option agreement dated May 25, 2017, as amended December 18, 2017 (the "Agreement"), among Smooth Rock Ventures Corp. (the "Company"), 6214860 Canada Ltd. and 10014192 Canada Ltd. Pursuant to the Agreement, the Company has acquired the option to earn a 100% interest in the Mattagami River property, Ontario (the "Property").
The Company may earn its interest in the Property under the terms of the Agreement by:
(a) issuing 6,500,000 shares of the Company;
(b) paying $25,000 cash within 5 business days upon receiving Exchange approval, and
(c) paying $25,000 cash by 12 months from the execution of the Agreement.
The Property is subject to an underlying 2% NSR, of which 1.5 % may be purchased by the company for $1,000,000
Insider / Pro Group Participation: N/A
For additional information please refer to the Company's news releases dated December 19, 2017 and January 11, 2018.
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