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Confirmation of the newest project.

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Sam Dan Member Level  Friday, 09/27/19 08:50:30 AM
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Confirmation of the newest project.
"The TSX Venture Exchange has accepted for filing an option agreement dated Sept. 9, 2019, between Pistol Bay Mining Inc. and 1544230 Ontario Inc. (Perry English and Julie English, the vendors), whereby the company may acquire a 100-per-cent interest in 141 mining cells (7,130 acres) located in the North Pakwash Lake area, Red Lake mining division, Ontario. Consideration is $45,000 cash and 500,000 common shares over a three-year period. The vendors retain a 1.5-per-cent net smelter return (NSR), with the company retaining the right to purchase one-half (0.75 per cent) at any time for $500,000.


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