MinKap Resources Inc. (TSXV:KAP) agreed to acquire Breccia Gold Property from DG Resource Management Ltd. on September 14, 2020. MinKap will issue an aggregate of 2,500,000 common shares and 2,500,000 common share purchase warrants over a 2-year period to DG Resource; pay $137,500 in cash, payable over a period of three years from the date on which MinKap receives the final approval from TSXV; grant DG Resource a 2.5% net smelter return, subject to the right and option of MinKap to purchase 1% of the Breccia net smelter return for a price equal to $1 million. Pursuant to the agreement, MinKap shall, prior to the date that is thirty-six months from the date on which MinKap receives an exploration drill permit in respect of Breccia Gold and Lightning Tree Property, incur aggregate exploration expenditures of at least $4 million in connection with the properties (being the aggregate of incurring at least $2 million with respect to each of the Breccia Gold Property and Lightning Tree Property, respectively), provided that not less than $4 million of such expenditure shall be incurred in connection with the properties prior to the expiry date. In a related transaction, MinKap is also acquiring Lightning Tree Property from Canarc Resource Corp. (TSX : CCM). MinKap has agreed to pay a certain eligible third party a finder’s fee by issuance of an aggregate 250,000 common shares in connection with the transaction. All securities issued in connection with the transaction will be subject a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities legislation. The transaction is subject to the execution of definitive agreement and the receipt of all corporate and regulatory approvals, including that of the TSX Venture exchange approval. As of September 14, 2020, TSX Venture has approved the transaction. As of September 17, 2020, TSX Venture issued a Final Exchange Bulletin announcing its final approval of the acquisition of the Breccia Gold Property.