Item 8.01 Other Events.
On October 23, 2020, we closed the purchase of the Maitland Gold Property in the
Black Hills of South Dakota from Homestake Mining Company of California, a
wholly owned subsidiary of Barrick Gold Corporation ("Barrick"), for
consideration of $3.5 million cash and the issuance of 3 million shares of
Dakota Territory's common stock. Additionally, Barrick will retain a 2.5% net
smelter returns royalty on the property. The 2,112 mineral-acre Maitland
acquisition will secure an important component of the Company's strategy for the
structural corridor that extends from the Homestake Gold Mine to the Company's
Blind Gold Property at the northern end of the Black Hills District.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibit Index:
Exhibit Number Description
EX - 99.1 Press Release dated October 26, 2020
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