BULLETIN V2025-1977
CANADIAN GOLD CORP. ("CGC")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 3, 2025
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to an Assignment, Assumption and Consent Agreement (the "Agreement") dated May 28, 2025, among the Company and two arm's length parties (the "Vendor", the "Original Vendor" and collectively the "Vendors"), whereby the Company will assume all obligations of the Vendor under the option agreement dated July 9, 2019 (the "Option Agreement") with the Original Vendor to earn 100% interest in the Flin Flon north property, located in Township 66, near Creighton, Saskatchewan (the "Property").
Under the terms of the Agreement, the Company is required to pay an aggregate of $130,000 in cash and issue up to 740,740 common shares to the Original Vendor and the Vendor over the period of four years. The Company is also required to meet the minimum work requirements to maintain the Property in good standing. Under the terms of the Option Agreement, the Original Vendor is also entitled to 2% Net Smelter Return royalty with respect to the production of all materials from the Property.
For further details, please refer to the Company's news release dated June 2, 2025.
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