McFarlane Lake Mining Limited (NEOE:MLM) signed a binding Letter of Intent to acquire Michaud and Munro Properties from 1929941 Ontario Limited for CAD 0.58 million on June 28, 2021. The mining leases have been acquired for CAD 30,000 in cash, the equivalent of CAD 550,000 in common shares of McFarlane Lake (1,375,000 common shares at a deemed value of CAD 0.40 per share) and a 1.5% net smelter return royalty.

McFarlane Lake Mining Limited (NEOE:MLM) completed the acquisition of Michaud and Munro Properties from 1929941 Ontario Limited on May 5, 2022.