HIGHGOLD MINING INC. ("HIGH")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: January 18, 2021
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing: (i) a Purchase Agreement dated October 20, 2020, among HighGold Mining Inc.'s (the "Company") wholly-owned subsidiary, Epica Gold Inc. ("Epica"), Golden Valley Mines Ltd. and Eldorado Gold (Quebec) Inc. whereby the Company acquired a 100% interest in and to the Golden Valley Property consisting of twelve (12) single cell mining claims and three (3) boundary cell mining claims located in the district of Cochrane, Ontario. Glenn Mullan retains a 3.5% Net Smelter Returns Royalty ("NSR") of which Epica may repurchase 1.5% for $1,000,000 cash; (ii) a Purchase Agreement dated October 30, 2020 between Epica and Jubilee Gold Exploration Ltd. ("Jubilee") whereby the Company acquired the Jubilee Property comprised of ten (10) patented claims, one (1) mining licence of occupation, one (1) unpatented mining claim (collectively, the "Subject Properties") and one (1) leasehold property consisting of sixteen (16) mining claims (the "Leasehold Claim") located in the district of Cochrane, Ontario. Jubilee retains a 2% NSR on the Subject Properties of which Epica may repurchase 1% for $2,000,000 cash and a 0.5% NSR on the Leasehold Claim; (iii) a Purchase Agreement dated December 9, 2020 among Epica and Royal Trust Corporation of Canada and Carter Finnell, trustees of the Estate of F.W. Schumacher (the "Vendor") whereby the Company acquired a 100% interest in and to the Schumacher Property comprised of two mining claims located in the district of Cochrane, Ontario. The Vendor retains a 1.5% NSR of which Epica may repurchase 1% for $1,000,000 cash. The aggregate consideration paid by the Company for the Golden Valley, Jubilee and Schumacher Properties is $100,000 cash and 424,976 common shares.
For more information refer to the Company's news release dated December 14, 2020.
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