Snowline Gold Corp. (CNSX:SGD) agreed to acquire Yukon properties from StrikePoint Gold Inc. (TSXV:SKP) for CAD 1.9 million on September 19, 2022. The consideration consists of CAD 500,000 payment in cash and issuance of 500,000 common shares of Snowline Gold Corp., these shares are subject to a statutory hold period of four months and one day from the closing of the Acquisition, expiring on February 21, 2023, in accordance with applicable Canadian securities laws, and a contractual hold period of six months from the closing of the Acquisition, expiring on April 20, 2023.

As carried over from a previous agreement, the mineral claims are subject to a 2% NSR and up to three milestone cash payments of CAD 750,000 if total expenditures of CAD 7,500,000, CAD 15,000,000, and CAD 25,000,000 are reached. The Acquisition remains subject to acceptance by the Canadian Securities Exchange.