Dakota Territory Resource Corp. (OTCPK:DTRC) entered into a definitive agreement to acquire Maitland Gold Property from Homestake Mining Company Of California, Inc. for $4.6 million on October 16, 2020. Pursuant to the terms of the definitive agreement, Dakota Territory Resource Corp. has agreed to pay consideration to Barrick comprised 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 (NSR) royalty on the property. Completion of the acquisition remains subject to satisfaction of certain conditions that are customary for a transaction of this nature and the acquisition is expected to be completed on or about October 23, 2020. Dakota Territory Resource Corp. (OTCPK:DTRC) completed the acquisition of Maitland Gold Property from Homestake Mining Company Of California, Inc. on October 23, 2020.