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Trans Canada Gold ( (TSE:TTG) ) has provided an announcement.
Trans Canada Gold struck a five-year option to earn 60% of Bear Mountain Gold Mines’ Harrison Lake property by committing $250,000 in cash, 10 million shares, and $5 million in exploration, contingent on TSXV approval and financing; initial $50,000 and 2 million shares are firm obligations. Bear Mountain will operate exploration with a 10% admin fee, expenditures must partly target a specified zone, and success would transition the property into two joint ventures, positioning Trans Canada for a larger footprint in the district-scale gold camp while assuming sub-option royalties and spending milestones.
More about Trans Canada Gold
Trans Canada Gold Corp. is a Vancouver-based mineral exploration company focused on acquiring and advancing gold assets in Canada, with projects aimed at building district-scale exposure in prospective regions such as southwestern British Columbia.
Average Trading Volume: 124,394
Technical Sentiment Signal: Buy
Current Market Cap: C$8.21M
For an in-depth examination of TTG stock, go to TipRanks’ Overview page.