- Beauce Gold Fields (BGF) has issued a royalty payment to HPQ Silicon Resources (HPQ)
- The payment involves Beauce settling C$50,000 of debt payable to HPQ through the issuance of 166,667 BGF shares at C$0.30 per share
- Beauce Gold Fields focuses on placer to hard rock exploration in the Beauce region of Southern Quebec
- HPQ Silicon Resources is a mineral exploration company based in Quebec that specializes in quartz
- HPQ Silicon Resources (HPQ) is down 12.87 per cent and is currently trading at C$0.88 per share
- Beauce Gold Fields (BGF) is trading flat at C$0.30 per share
Beauce Gold Fields (BGF) has issued a royalty payment to HPQ Silicon Resources (HPQ).
The payment involves Beauce settling C$50,000 of debt payable to HPQ Silicon Resources for 120 mining claims as well as seven real estate lots known as the Beauce Placer Property.
Beauce will issue 166,667 of its shares to HPQ at a price of C$0.30 per share.
With this issuance of shares, HPQ will own 3,036,800 shares of BGF or 7.25% of the outstanding float.
BGF was spun out from HPQ by way of a plan of arrangement to trade on the TSX Venture Exchange on February 4, 2019.
HPQ Silicon Resources is a mineral exploration company based in Quebec. The firm specializes in the exploration of quartz as well as development for its transformation into silicon.
Beauce Gold Fields is a gold exploration company focused on placer to hard rock exploration in the Beauce region of Southern Quebec. The company’s flagship property is the St-Simon-les-Mines Gold Project site of Canada’s first gold rush that pre-dates the Yukon Klondike.
HPQ Silicon Resources (HPQ) is down 12.87 per cent and is currently trading at C$0.88 per share as of 10:48 am EST.
Beauce Gold Fields (BGF) is trading flat at C$0.30 per share as of 10:36 am EST.
