GRAY ROCK RESOURES LTD ("GRK")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: February 27, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing a mineral claim lease agreement (the "Agreement") dated December 12, 2014, as amended between Gray Rock Resources Ltd (the "Company"), as lessor, and D. Deering and Saxifrage Geological Services Ltd (collectively, the "Lessee") whereby the Lessee has a 7 year lease of all mineral rights to the Company's Silverstream Property, British Columbia (the "Property").
The Lessee has agreed to pay the Company $10,000 per year, which may be offset by the annual assessment work filed by the Lessee for the Property. The Lessee has an option to acquire all mineral right to the Property by paying the Company $500,000 at any time. The Agreement is subject to a 5% production royalty payable to the Company.
For further information, please see the Company's news release dated May 4, 2015.
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