MacDonald Mines Exploration Ltd. (TSXV:BMK) signed a letter of intent to acquire soocana claims from Sage Gold Inc. (TSXV:SGX) for CAD 1.2 million on July 4, 2017. As part of the consideration, MacDonald will issue 4 million common shares and 4 million warrants exercisable for three years at CAD 0.30 to Sage and issue a 1% net smelter return royalty on Soocana claims. The closing of the transaction is subject to TSX Venture Exchange approval and certain other customary closing conditions. As of July 30, 2018 the Ontario Superior Court of Justice Commercial List issued a Court Order against Sage Gold Inc. and appointed Deloitte Restructuring Inc. as receiver over all its assets, undertakings and properties. This order effectively puts on hold the option between MacDonald Mines and Sage Gold Inc.

MacDonald Mines Exploration Ltd. (TSXV:BMK) cancelled the acquisition of soocana claims from Sage Gold Inc. (TSXV:SGX) on January 30, 2019.