CALDAS GOLD CORP. ("CGC")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 7, 2020
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation in connection with a Definitive Agreement dated May 20, 2020 and amended June 25, 2020 between the Company, 1241868 B.C. Ltd., a wholly-owned subsidiary of the Company and South American Resources Corp. ("SARC") whereby the Company has acquired the issued and outstanding shares of SARC, the holder of certain mining assets in Northeastern Ontario, including a 100% interest in the Juby Project and a 25% joint venture interest in certain claims adjoining the Juby Project. Consideration is US$10,000,000 and 20,000,000 common shares to be issued to the shareholders of SARC.
SARC has entered into a royalty agreement with each of 0643990 B.C. Ltd. and 1248464 B.C. Ltd. (beneficially owned by Timothy Young), collectively the "finders", whereby each finder have been granted a finder's royalty.
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