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Boundary Gold and Copper Mining Ltd. — M&A Activity 2021
May 6, 2021
44465_rns_2021-05-06_6c1cafd3-0593-439c-9493-913fe4c0c0ed.pdf
M&A Activity
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BOUNDARY GOLD AND COPPER MINING LTD. EXECUTES AMENDING AGREEMENT FOR ACQUISITION OF KENA & DAYLIGHT PROPERTIES
Vancouver, British Columbia (April 12, 2021) – Boundary Gold and Copper Mining Ltd. (“Boundary” or the “Company”) (TSXV:BDGC) (OTCQB:PRZFF) (MQS1:FRANKFURT) has signed the amending agreement 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") which amends a share option agreement dated as of January 25, 2021 between the parties (see the Company’s press release dated January 28, 2021 for a description of the share option agreement). 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.
The amending agreement provides that West can complete its acquisition of all of 1994854’s shares from Boundary by making a cash payment of $800,000 to Boundary within five days and by issuing an aggregate of 7,361,112 Shares to Boundary as follows: 1,805,556 Shares already issued to Boundary will be free-trading on April 24, 2021; 1,805,556 Shares will be subject to voluntary escrow until October 24, 2021; 1,805,556 Shares will be subject to voluntary escrow until April 24, 2022; and 1,944,444 Shares will be subject to voluntary escrow until October 24, 2022.
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. Find out more at: www.prizemining.com
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Reader Advisory
Forward-Looking Statements. This news release contains forward-looking statements. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "scheduled", "potential", or other similar words, or statements that certain events or conditions "may", "should" or "could" occur.
The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect and readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to forward-looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.
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