WestKam Gold Corp. (TSXV:WKG) announced that it will acquire an additional 17 percent interest on its existing 7 claims on the Bonaparte Gold property, which will raise their ownership position to 92 percent.

As quoted in the press release:

Under the terms of the Option Agreement, WestKam has the option to acquire its additional 17% interest by making a $150,000 cash payment to the Optionor on or prior to the first anniversary of the Closing Date, and to issue to the Optionor the following:

• 2,000,000 common shares on or prior to the Closing Date;
• 2,500,000 common shares on or prior to the first anniversary of the Closing Date; and
• 3,000,000 common shares on or prior to the second anniversary of the Closing Date.

To view the whole press release, click here.