GOLD HUNTER RESOURCES INC. Gold Hunter Resources Inc. (CNSX:HUNT) entered into a property purchase agreement to acquire Snook Claim Package from R. John Snook and Alexander S. Duffitt for CAD 0.03 million on July 12, 2023. Gold Hunter has agreed to acquire a 100% interest in 26 mineral claim licenses (the "Snook Property") in consideration for the issuance of 75,000 common shares to each of the Snook Vendors at Closing, and the payment of CAD 7,500 to each of the Snook Vendors within 90 days of Closing. The Snook Vendors will retain a 2% net smelter returns royalty (NSR) on the Snook Property.
Gold Hunter holds the right to buy back 50% of the NSR at any time for CAD 1,000,000. In addition, Gold Hunter holds a right of first refusal in connection with any proposed sale or transfer of the NSR by the Snook Vendors. The transaction is subject to applicable regulatory approvals and is expected to close within ten days.
