North Peak Advances Prospect Mountain Acquisition Formalities; Issues 5 Million Shares to the Erickson Group and Ty Erickson Joins Board of Directors; Work Programs Continue to Define Drilling Targets
The mining claims and rights and related permits that constitute the Property are in the process of being transferred into North Peak Gold LLC (the "Transfers").
- The mining claims and rights and related permits that constitute the Property are in the process of being transferred into North Peak Gold LLC (the "Transfers").
- The Company has the right to acquire the remaining 20% interest by issuing an additional 3 million common shares to Solarljos, as described below.
- "Ty's presence on the Board will ensure the contribution of decades long family ownership of the Prospect Mountain property to North Peak's shareholders."
- The Company's Nevada subsidiary, North Peak Nevada Ltd, is acting as manager for North Peak Gold LLC and operator of the Property.