- Brascan Gold (BRAS) has entered into a share exchange agreement to acquire all of the issued and outstanding shares in the capital of NumberCo.
- Brascan will issue 6,500,000 common shares at a deemed price of $0.02 per share
- Brascan, a Canadian gold exploration issuer, intends to build a portfolio of highly prospective lithium properties in Canada and Brazil
- Brascan Gold Inc. (BRAS) opened trading at C$0.03
Brascan Gold (BRAS) has entered into a share exchange agreement to acquire all of the issued and outstanding shares in the capital of NumberCo.
Brascan will issue 6,500,000 common shares at a deemed price of $0.02 per share, and the claim holders have agreed to transfer their interests in the claims to NumberCo prior to the closing of the transaction.
Brascan is targeting the Albany Fork carbonatite, which may have magnetite, niobium and/or rare earth elements (REE) potential.
Balbir Johal, CEO of Brascan, commented on the transaction.
“We are excited to expand into battery metals with our first acquisition of this REE property in Ontario. Exploration is to begin shortly. Brascan intends to build a portfolio of highly prospective lithium properties in Canada and Brazil.”
Brascan Gold is a gold exploration issuer based in Vancouver, BC. The company holds options over the Middle Arm Fault, Black Cat, Birchy Lake and Mountain Pond properties, located in the Baie Verte region of the North of Newfoundland and the Miguel’s Lake property, located in central Newfoundland. The company also holds an option over the Alegre project in Pará state in northeastern Brazil.
Brascan Gold Inc. (BRAS) opened trading at C$0.03.