- Voyageur Mineral Explorers Corp. (VOY) has signed an option agreement with Laser Gold Resources Inc
- The agreement gives Laser the option to acquire a 100-per-cent interest in the company’s Mink Narrows Project, located 25km southeast of Flin Flon, Manitoba
- According to the terms of the agreement, Laser may acquire the 100-per-cent interest by fulfilling certain conditions over a period of five years
- Voyageur Mineral Explorers Corp. is a Canadian junior mineral exploration company with a specific focus on mineral properties in Northwest Manitoba and Northeast Saskatchewan
- Voyageur Mineral Explorers Corp. (VOY) opened trading C$0.40 per share
Voyageur Mineral Explorers Corp. (VOY) has signed an option agreement with Laser Gold Resources Inc.
The agreement gives Laser the option to acquire a 100-per-cent interest in the company’s Mink Narrows Project, located 25km southeast of Flin Flon, Manitoba.
According to the terms of the agreement, Laser may acquire the 100-per-cent interest by fulfilling certain conditions over a period of five years.
The conditions include that Laser will make annual cash payments totalling $55,000 over the five years, including $10,000 paid on signing the option.
Laser will also issue the greater of 1,600,000 of its common shares or $300,000 worth of common shares over five years.
Furthermore, it will complete exploration expenditures aggregating $1,000,000, including $300,000 in year one.
In addition, it will grant Voyageur a 2.0-per-cent net smelter return royalty upon the exercise of the option.
“We are pleased to enter into this option for the Mink Narrows project with Laser Gold,” commented Fraser Laschinger, President and CEO of the company.
“We wish them success and look forward to following the advancement of the project, which is highly prospective for a number of critical minerals,” he added.
Voyageur Mineral Explorers Corp. is a Canadian junior mineral exploration company with a specific focus on mineral properties in Northwest Manitoba and Northeast Saskatchewan.
Voyageur Mineral Explorers Corp. (VOY) opened trading C$0.40 per share.