MinKap Resources Inc. (TSXV:KAP) entered into a non-binding letter of intent to acquire Breccia Gold Property from DG Resource Management Ltd. on February 3, 2020. The purchase consideration comprises of issue of 7 million of common shares and 7 million of common share purchase warrants over a 2 year period to DG Resource Management Ltd., CAD 0.05 million of cash on signing of letter of intent, CAD 0.03 million on receipt of approval from the TSX Venture Exchange, CAD 0.1 million on first anniversary from the approval date, CAD 0.1 million on second anniversary from the approval date, CAD 0.2 million on the third anniversary from the approval date and 5% of net smelter return royalty to DG Resource Management Ltd. with the Minkap Resources retaining an option to acquire 1.25% of the NSR for a cash payment of CAD 2 million. In connection with this acquisition, MinKap Resources proposes to change its name to “Ophir Gold Corp". The transaction is subject to execution of a definitive agreement and the receipt of all corporate and regulatory approvals, including that of the TSX Venture Exchange. As of March 5, 2020, conditional approval from the TSX Venture Exchange in respect of the acquisition, has been received. On September 14, 2020, MinKap Resources received final approval from the TSX Venture Exchange in respect of the acquisition. MinKap Resources Inc. (TSXV:KAP) cancelled the acquisition of Breccia Gold Property from DG Resource Management Ltd. on April 14, 2020.