Barkerville Completes Purchase of Second Gold Mill Facility

Barkerville Gold Mines Ltd. (TSXV:BGM) reports that the TSX Venture Exchange has accepted for filing a share purchase agreement between International Bethlehem Mining Corp., Bethlehem Resources (1996) Corp. and Barkerville Gold Mines Ltd.

The press release is quoted as saying:

The purchase includes the Goldstream mill facility, tailings pond, and related mineral leases and claims that are located in the Revelstoke Mining Division, British Columbia. Consideration (all amounts $CDN) is $750,000 and $1.5-million in common shares in the first year and $550,000 and $500,000 in common shares in the second year. The deemed value of the common shares will be calculated based on the volume-weighted average price of the company’s shares for the 10 trading days ending on the day prior to the closing date, the six-month anniversary of the closing date, the 12-month anniversary of the closing date and the 18-month anniversary of the closing date subject to a floor price of not less than 92 cents per share.

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