ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On August 8, 2022, Guskin Gold Corp., (the "Company") enter into an agreement
(the "Service Agreement") with Terranet Limited, a corporation formed under the
laws of Ghana ("Terranet") setting forth the terms and conditions whereby
Terranet will carry out an Induced Polarization (IP) and a Ground Magnetic
Surveys over the Company's leased property known as the Kukuom's. Terranet is
based in Accra, Ghana and will be conducting the survey over the Kukuom "Open
Pit" prospect. The field crew will be starting the survey mid-August which
covers an estimated area of 1.6 sq. kms, with appropriately 16.8-line kms of IP,
employing the pole-dipole array with a dipole spacing of 25-meter using 8
dipoles. The Ground Magnetics survey will cover approx. 40-line kms. The survey
is scheduled to take approximately 6 weeks to complete, followed by analysis and
interpretation of the resulting data. The Company shall pay Terranet an
aggregate price of $36,700USD, with 50% deliverable prior to commencing the
survey.
The foregoing description of the Service Agreement does not purport to be
complete and is qualified in its entirety by reference to the full text of the
document which is attached hereto as Exhibit 10.1 and is incorporated herein by
reference.
ITEM 7.01 REGULATION FD DISCLOSURE
On August 11, 2022, the Company issued a press release announcing the execution
of the Service Agreement. The full text of the press release is attached hereto
as Exhibit 99.1 and is incorporated herein by reference.
The information furnished under this Item 7.01 of this Current Report on Form
8-K, including Exhibit 99.1, shall not be deemed to be "filed" for the purposes
of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise
subject to the liabilities of that section.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibits:
Exhibit
No. Description
10.1 Service Agreement by and between Guskin Gold Corp. and Terranet
Limited
99.1 Press Release, dated August 11, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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