- Val-d’Or Mining (VZZ) has entered into a property sale agreement with Snowy Owl Gold Corporation (SNOW)
- SNOW will issue 3,200,000 common shares and $80,000 in cash to Val-d’Or for a 100 per cent interest in the Riviere Lois Prospect
- Snowy Owl Gold Corp. is a mineral exploration company focused on acquiring and developing gold projects in Quebec
- Val-d’Or Mining Corporation is a junior natural resource issuer involved in the process of acquiring and exploring its mineral property assets in NE Ontario and Quebec
- Val-d’Or Mining Corporation (VZZ) opened trading at C$0.14 per share
Val-d’Or Mining (VZZ) has entered into a property sale agreement with Snowy Owl Gold (SNOW) for the Riviere Lois Prospect.
Upon receipt of Exchange approval, SNOW will issue 3,200,000 common shares to Val-d’Or. The company will be granted a royalty of 2.5 per cent of the net smelter returns from the property. 1 per cent of the net smelter return may be purchased by SNOW for $500,000. Val-d’Or will receive $80,000 in cash.
The company will complete a geophysical exploration program on the Riviere Lois Prospect.
Snowy Owl Gold Corp. is a mineral exploration company focused on acquiring and developing gold projects in Quebec, Canada. Snowy Owl has 100 per cent interest in the Panache Property, consisting of 12 map-designated claims covering a total of 678 hectares, and the Golden Eagle Property, which consists of 161 map-designated claims (“CDC”) covering a total of 8,887.65 hectares.
Val-d’Or Mining Corporation is a junior natural resource issuer involved in the process of acquiring and exploring its mineral property assets, most of which are situated in the Abitibi Greenstone Belt of NE Ontario and NW Quebec.
Snowy Owl Gold Corp (SNOW) opened trading at $0.10 per share.
Val-d’Or Mining Corporation (VZZ) opened trading at C$0.14 per share.