oldgrowth28
3 years ago
If we are indeed just getting started on this bull market in copper, I'd say these shares have substantial value.
https://stockhouse.com/companies/bullboard/v.bdgc/boundary-gold-and-copper-mining-ltd?postid=32204819
"BOUNDARY GOLD AND COPPER MINING LTD. CLOSES OPTION AGREEMENT FOR KENA AND DAYLIGHT PROPERTY Vancouver, British Columbia (December 29, 2020) – Boundary Gold and Copper Mining Ltd. (“Boundary” or the “Company”) (TSXV:BDGC) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) would like to announce further to the news release dated November 11, 2020, The Company has signed the option agreement with West Mining Corp. (“WEST”) and Boundary's wholly-owned subsidiary, 1994854 Alberta Ltd., respecting the Kena and Daylight gold-copper properties (collectively, the "Property"). Under the Option Agreement, West has the option to earn a 100% undivided right, title and interest in and to the Property, comprised of 174 mineral claims and 11 crown grants located in the Nelson Mining District in the Province of British Columbia, and covering 8,810 hectares. To earn an initial 80% interest in the Property, West is required to: make aggregate cash payments of $1,325,000 over an 18 month period; issue an aggregate of 7,361,112 common shares over an 18 month period; and make an aggregate of $2,100,000 in exploration expenditures on the Property over a 20 month period. On execution of the Option Agreement, West will make an initial cash payment of $325,000 to Boundary and will make an initial issuance of 1,805,556 shares to Boundary. All shares issued under the Option Agreement will be subject to a four month hold period under applicable securities laws and will also be subject to an 18 month voluntary escrow, with shares to be released from such escrow in four equal tranches on the date of issuance and 6, 12 and 18 months from the date of issuance. Upon successfully earning an 80% interest in the Property, West will have the right to earn an additional 20% interest in the Property, for a 100% interest in the Property (subject to a 1% underlying NSR royalty) by making an additional cash payment of $2,000,000 to Boundary on or before the date that is 180 days following the date of exercise of the 80% option. If West earns an 80% interest in the Property but does not successfully earn a 100% interest in the Property, then the parties will enter into a joint venture agreement respecting the Property on terms to be negotiated by the parties, each acting reasonably. On behalf of the Company Russell Van Skiver CEO and Director 778-331-3353 About Boundary Gold and Copper Mining Ltd. Boundary is a junior mining issuer listed on the TSX Venture Exchange. Boundary is focused on the exploration and development of the Kena Gold Property in BC. Find out more at:
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Renee
1 year ago
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