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  • Greencastle Resources (VGN) has entered into agreements with Atikokan Resources Ltd
  • Atikokan Resources will acquire the Mayflower and Seagrave Properties
  • Greencastle will receive 5,000,000 units of Atikokan and $50,000 in cash for each property
  • Greencastle Resources is engaged in the acquisition, exploration, and development of gold and other precious metals
  • Greencastle Resources Ltd. (VGN) is up 3.57 per cent, trading at C$0.145 per share at 3:35 pm ET

Greencastle Resources (VGN) has entered into agreements with Atikokan Resources Ltd.

Atikokan Resources has assigned its option to acquire the Mayflower Property and the Seagrave Property located in the Kenora District, Ontario.

Greencastle will receive 5,000,000 units of Atikokan and $50,000 in cash for each property, for aggregate gross proceeds of 10,000,000 units and $100,000. Each unit includes one common share of Atikokan and one share purchase warrant. Each warrant entitles Greencastle to acquire one common share of Atikokan at a price of $0.15 until January 20, 2024.

“Atikokan is committed to gold exploration in Ontario and has access to the capital and exploration experience needed to move these projects forward aggressively. Seagrave and Mayflower are both very interesting projects for very different reasons, and we look forward to working with Atikokan to move these projects forward,” stated Anthony Roodenburg, Greencastle CEO.

Greencastle Resources is a Canadian-based based company engaged in the acquisition, exploration, and development of gold and other precious metals.

Greencastle Resources Ltd. (VGN) is up 3.57 per cent, trading at C$0.145 per share at 3:35 pm ET.

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