- Harfang Exploration (HAR) has sold its Selbaie Property to Goldseek Resources (GSK)
- The Selbaie Property is in Québec and consists of six mining claims
- The agreement stipulates that Goldseek will pay specified cash to Harfang, issue common shares and grant a 2.0 per cent net smelter returns royalty
- Harfang Exploration Inc. is a technically-driven mineral exploration company with the primary mission to discover ore deposits in Québec and Ontario
- Harfang Exploration inc. was unchanged at $0.285 per share at 10:05 AM ET
Harfang Exploration (HAR) has sold its Selbaie Property to Goldseek Resources (GSK).
The Selbaie Property, located 12 kilometres east of the past-producing copper-zinc-silver-gold Selbaie Mine in Québec, consists of six mining claims covering a portion of the eastern flank of the Brouillan pluton and adjacent volcanic rocks.
The last previous recorded work was surface geophysical surveying conducted by LaSalle Exploration Corp. in 2015.
“We are pleased to complete this transaction with Goldseek on the Selbaie Property,” noted Ian Campbell, President and Chief Executive Officer of Harfang.
“The Harfang team is focused on advancing our core gold projects in James Bay and northeastern Ontario and gearing up to accelerate activities on our lithium projects in the James Bay region,” said Ian Campbell, President and Chief Executive Officer of Harfang.
The agreement stipulates that Goldseek will pay Harfang $5,000 in cash, issue 600,000 common shares at a deemed price of $0.04 per Goldseek Share and grant a 2.0 per cent net smelter returns royalty, half of which may be bought back at any time for $1,000,000.
Harfang Exploration Inc. is a technically-driven mineral exploration company with the primary mission to discover ore deposits in Québec and Ontario.
Harfang Exploration inc. was unchanged at $0.285 per share at 10:05 AM ET.