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Pure Gold Mining Inc agrees to be acquired by West Red Lake Gold Mines Ltd

Pure Gold Mining Inc agrees to be acquired by West Red Lake Gold Mines Ltd
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

United Kingdom , Red Lake Gold Mines Ltd , British Columbia Supreme Court , Pure Gold Mining Inc , Companies Creditors Arrangement , Venture Exchange , Sprott Resource Lending Corp , West Red Lake Gold Mines Ltd , Net Smelter Royalty , Madsen Gold Project , Gold Mining , Pure Gold , Red Lake , Puregold Mine ,

GoldON Resources Ltd: GoldON Accelerates Acquisition of Bounty Claims in Ontario's Red Lake Gold Camp


GoldON Resources Ltd: GoldON Accelerates Acquisition of Bounty Claims in Ontario s Red Lake Gold Camp
Victoria, British Columbia (Newsfile Corp. - January 7, 2021) -
GoldON Resources Ltd. (TSXV: GLD) ( GoldON or the Company ) is pleased to report that it has elected to accelerate the option agreement with Bounty Gold Corp. (see news release of
July 29, 2020) and has acquired a 100% interest in the two claim blocks that adjoin Block A of the West Madsen Gold Project.
In keeping with the terms of the option agreement, GoldON paid Bounty a total of $80,000 in cash and issued 250,000 common shares to complete the acquisition. GoldON now owns a 100% interest in the Flat Lake and Madsen-Medicine Stone claim groups. Bounty will retain a 2% net smelter returns royalty of which GoldON may purchase half for $1,000,000. ....

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