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
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.
. 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.