EGR Exploration Ltd. (TSXV : EGR) acquired Additional 50 claims in Detour Lake Area for $2,450 on February 27, 2023. Under the terms of the acquisition agreement, EGR paid the Vendor $2,450 in cash and granted a 1.25% Net Smelter Return (NSR) under the terms of a Royalty Agreement. The Royalty Agreement also contains a provision that allows for a reduction of the Royalty Interest to 0.75% by making a payment of $250,000 to the Vendor at any time before the property reaches commercial production.

EGR Exploration Ltd. (TSXV : EGR) completed the acquisition of Additional 50 claims in Detour Lake Area on February 27, 2023.