Graycliff Exploration Limited (CNSX : GRAY) acquired Lunge Project in the Sudbury Basin of Ontario for CAD 0.12 million on March 2, 2023. Under the terms of the acquisition, Graycliff will issue 2 million common shares for a 100% interest in the Lunge Project, subject to a 2% net smelter return royalty. Graycliff will have the right to purchase 1% of the NSR in return by paying the Vendor CAD 1 million.

Graycliff Exploration Limited (CNSX : GRAY) completed the acquisition of Lunge Project in the Sudbury Basin of Ontario on March 2, 2023.