- Heritage Mining (HML) has signed a definitive asset-purchase agreement with Bounty Gold Corp. to acquire fifty mining claims in the Split Lake zone
- Heritage will acquire a 100-per-cent interest in the Split Lake Property in exchange for issuing Bounty 100,000 common shares, paying Bounty $5,000 in cash and granting Bounty a 1-per-cent net smelter return (NSR) royalty on the Split Lake Property at closing
- Also, the common shares of Heritage Mining have commenced trading on the Canadian Securities Exchange with effect from August 26, 2022 under the symbol “HML”
- Heritage Mining Ltd. is a Canadian mineral exploration company advancing multiple high grade gold projects in Northern Ontario
- Heritage Mining Ltd. (HML) opened trading at $0.22
Heritage Mining (HML) has signed a purchase agreement to acquire fifty mining claims in the Split Lake zone adjacent to its flagship Drayton-Black Lake Project.
The terms of the agreement with Bounty Gold Corp. stipulate that Heritage will acquire a 100-per-cent interest in the Split Lake Property in exchange for issuing Bounty 100,000 common shares, paying $5,000 in cash and granting a 1-per-cent net smelter return (NSR) royalty on the Split Lake Property at closing.
Half per cent of such NSR may be purchased by Heritage Mining for $500,000.
Closing of the transactions is subject to the approval of the Exchange.
Common shares of Heritage Mining Ltd. have commenced trading on the Canadian Securities Exchange under the symbol HML.
Heritage Mining Ltd. is a Canadian mineral exploration company advancing multiple high grade gold projects in Northern Ontario.
Heritage Mining Ltd. (HML) opened trading at $0.22.
