Was there confirmation or an extension granted Pacific-Link of the Toe Property before April 30, 2012?
Pacific-Link can earn up to a 70% interest in BCGold
Corp.'s 100% controlled Toe Property, Yukon.
BCGold Corp. has granted Pacific-Link the option to acquire a 60% interest in
the Toe Property ("Property") by making $255,000 in cash payments, $1,900,000 in
exploration expenditures and issuing 400,000 shares of Pacific-Link to BCGold Corp. over a four year period. Pacific-Link can earn an additional 10% interest
in the Property by completing a feasibility study, for a total interest of up to
70%. In addition to regulatory approval, the Pacific-Link option is subject to
BCGold Corp. and Pacific-Link entering into a definitive option and joint
venture agreement on or before April 30, 2012.
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