C2C METALS CORP. Klondike Gold Corp. (TSXV:KG) entered into Property acquisition agreement to acquire 689 mining claims located in the Dawson mining district, Yukon, Canada from C2C Gold Corp. (OTCPK:CTCG.F) for CAD 0.11 million on February 16, 2023.
Issuance of 1 million common shares of Klondike Gold Corp. to C2C and the granting to C2C of a 1% net smelter returns royalty in respect of C2C's Quartz and Sulphur properties, of which Klondike Gold may purchase one-half of the NSR Royalty (being a 0.5% NSR Royalty) from C2C for cash in the amount of CAD 500,000 at any time. The Quartz and Sulphur properties each have underlying 2% NSR Royalty obligations where Klondike Gold has the right to purchase one-half (or 1%) of each NSR Royalty for CAD 1 million cash and has a right of first refusal to purchase the remaining 1%.
The Property Acquisition Agreement is subject to final approval of the TSX Venture Exchange.
