An unknown buyer entered into an cancelled the acquisition of 50% interest in East-West gold property in the Val d’Or, Quebec from Knick Exploration Inc..

An unknown buyer entered into an agreement to acquire 50% interest in East-West gold property in the Val d’Or, Quebec from Knick Exploration Inc. (TSXV:KNX) for CAD 0.1 million on December 7, 2018. The agreement includes 50% interest and a 1.75% net smelter royalty in the East-West gold property as well. The Purchaser will have the option to acquire an additional 5% by spending CAD 0.2 million on the property within 36 months of the agreement. Knick Exploration has the right to buy back 25% interest in the property at any time after the 50% acquisition by the Purchaser in the claims by completion of CAD 0.25 million of drilling exploration expenditures, payment of CAD 0.1 million and CAD 0.2 million cash or equivalent in shares or equivalent combination thereof. The transaction is subject to regulatory approval. An unknown buyer entered into an cancelled the acquisition of 50% interest in East-West gold property in the Val d’Or, Quebec from Knick Exploration Inc. (TSXV:KNX) on December 7, 2019.