MLK Gold Ltd. (CNSX:MLK) agreed to acquire Certain Mineral Claims adjoining Caledonia Brook property in Newfoundland & Labrador for CAD 825 on February 23, 2022. As consideration for the claims, the Company will issue an aggregate of 15,000 common shares, which will be subject to a 12-month contractual hold period as well as applicable resale restrictions under Canadian securities laws and will grant a 1% net smelter return royalty over the claims, half of which may be repurchased by the Company at any time for payment of CAD 0.25 million in cash.
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- MLK Gold Ltd. agreed to acquire Certain Mineral Claims adjoining Caledonia Brook property in Newfoundland & Labrador for CAD 825.