Quarterback Resources Announces Option Amending Agreement for Twin Gold Project in…
1 report, 1 independent
Updated Sep 1
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What happened
Quarterback Resources Inc. announced it has entered into a property option amending agreement concerning the Twin Gold Project. Under the terms, the company must make staged cash payments of $75,000 to the optionor by November 30, 2026. The company must also fund exploration expenditures of $150,000 and an additional $350,000 by March 1, 2027, while issuing 500,000 common shares to the optionor by that date.
From finanznachrichten.de
Why it matters
The agreement grants the company the exclusive option to acquire a 100% interest in the Twin Gold Project, which is subject to a 2% net smelter returns royalty. The project consists of 16 mineral claims located in the Omineca Mining Division of British Columbia.
From finanznachrichten.de
Who's involved
- British ColumbiaJurisdiction where the Twin Gold Project is located
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The entities involved
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British Columbia
province of Canada
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