Lost Horse Mine

NevGold Announces Closing Of Option Agreement with Eagle Plains Resources

Retrieved on: 
Dienstag, August 1, 2023
Exercise, EPL, Partnership, South Tyrol Option Agreement, TSX Venture Exchange, Option, Silver, NAU, NSR, Contract management, Sale, Gold, Lost Horse Mine, Copper, Mineral resource estimation, Lithium, Security (finance), Lagopus

The Option Agreement provides for SubCo the option to acquire a portfolio of advanced exploration assets (subject to the terms of the Option Agreement), including two copper-gold-silver projects and three lithium projects in British Columbia (collectively, the “Option Projects”) from Eagle Plains Resources Ltd. (“EPL” or the “Optionor”, TSXV:EPL).

Key Points: 
  • The Option Agreement provides for SubCo the option to acquire a portfolio of advanced exploration assets (subject to the terms of the Option Agreement), including two copper-gold-silver projects and three lithium projects in British Columbia (collectively, the “Option Projects”) from Eagle Plains Resources Ltd. (“EPL” or the “Optionor”, TSXV:EPL).
  • In connection with the Option Agreement, NevGold transferred its Ptarmigan property to SubCo in consideration for 25,000,000 SubCo common shares, representing 100% of the outstanding share capital before the share issuances under the Option Agreement.
  • As of the closing of the Option Agreement, EPL holds 5,000,000 SubCo shares representing approximately a 16.7% interest in SubCo.
  • The Option Projects comprise over 20,000 hectares and are currently held by Eagle Plains Resources, and are summarized below:

NevGold Announces Formation of BC Subsidiary, Entering Into Option Agreement with Eagle Plains Resources, and Planned Going Public Transaction

Retrieved on: 
Mittwoch, Mai 31, 2023
Exercise, EPL, Partnership, TSX Venture Exchange, Metal, Option, Silver, NAU, NSR, South Tyrol Option Agreement, Contract management, Sale, Gold, Lost Horse Mine, Copper, Lithium, Mining, Hunting, Security (finance), Lagopus

The Option Agreement and Option Projects are described in more detail below.

Key Points: 
  • The Option Agreement and Option Projects are described in more detail below.
  • NevGold intends to prepare SubCo for a future subsequent going public transaction through either a spin-out, merger, or sale.
  • Partnering with Eagle Plains allows us to strengthen our presence in BC while also building an efficient, well-established operating platform.
  • The Option Projects comprise over 20,000 hectares and are currently held by Eagle Plains Resources, and are summarized below: