Knick Exploration Inc. Acquires An Option to Purchase 10 Claims in The Val-D'or Area
26.01.2017 | The Newswire
Val d'Or, January 26, 2017 - Knick Exploration Inc. (TSXV: KNX) ("Knick") is pleased to announce that it has entered into an option agreement to acquire a 100% interest in 10 claims covering approximately 579 hectares in the Val-d'Or area.Pursuant to such agreement, Knick can exercise its option by paying to the prospector a cash amount of $40,000 payable in 4 instalments over a 2 year period and by issuing to such prospector 800,000 common shares in 4 instalments over a 2 year period. The prospector shall retain a 2% NSR, half of which can be bought back by Knick at any time for $1,000,000. Knick will also have a right of first refusal to buy back the other half of the royalty for $2,000,000.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
FOR MORE INFORMATION, CONTACT:
Knick Exploration Inc.
Jacques Brunelle, President & CEO
819-874-5252 819-874-5252
Gordon N. Henriksen, Vice President
819-856-1387 819-210-1406
Val-d'Or, Quebec
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