QC Copper and Gold acquires land package to expand Opemiska Copper Project
2021-10-27 11:42:47 【Print】
On October 26th, Canada-based QC Copper and Gold Inc. announced that it has entered into an agreement with a private company, 9219-8845 Quebec Inc. (the "Vendor"), to acquire 100% ownership of 38 claims over 2,112 hectares of highly prospective ground that connects two land parcels of the Opemiska Copper Project. The Opemiska Copper Project will now be collectively 15,518 hectares.
QC Copper is acquiring 100% ownership of the Opemiska Expansion and, upon closing, will issue 150,000 common shares of the Company and pay $10,000 in cash to the Vendor. The vendor will retain a 2% Net Smelter Royalty, of which 50% can be repurchased by QC Copper and Gold at any time for $500,000.
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QC Copper is acquiring 100% ownership of the Opemiska Expansion and, upon closing, will issue 150,000 common shares of the Company and pay $10,000 in cash to the Vendor. The vendor will retain a 2% Net Smelter Royalty, of which 50% can be repurchased by QC Copper and Gold at any time for $500,000.
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