The Conversation (0)
Golden Dawn Announces LOI to Acquire the Copper-Gold Lone Star Property
Jun. 02, 2017 08:28AM PST
Base Metals Investing Wolf Wiese, CEO of Golden Dawn Minerals Inc., (TSXV: GOM) (FRANKFURT: 3G8A) (OTC PINK: GDMRF) (the “Company” or “Golden Dawn”) announces that the Company has signed a non-binding LOI with Advanced Mineral Technology Inc. (the “Vendor”), who owns 100% of the issued and outstanding common shares of BGP Resources Inc. (“BGP” and the “BGP Shares”). …
Wolf Wiese, CEO of Golden Dawn Minerals Inc., (TSXV: GOM) (FRANKFURT: 3G8A) (OTC PINK: GDMRF) (the “Company” or “Golden Dawn”) announces that the Company has signed a non-binding LOI with Advanced Mineral Technology Inc. (the “Vendor”), who owns 100% of the issued and outstanding common shares of BGP Resources Inc. (“BGP” and the “BGP Shares”).
As quoted in the press release:
Golden Dawn is acquiring the Lone Star Property through the acquisition of BGP Resources Ltd., a private Washington State corporation which holds 100% interest in the Lone Star Property subject to a 2.5% NSR. In consideration and subject to Regulatory Approval, the Company will pay the Vendor $200,000 in cash and $200,000 in common shares at a price to be determined by the average trading price of the Company’s common shares on the TSX Venture Exchange prior to the announcement of the Letter of Intent.
