WestKam Gold to Acquire Additional 17 Percent of Bonaparte Property

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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.

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. 

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