Agoracom: Small Cap Investment - Kings Bay Gold - BULLETIN TYPE: Property-Asset or Share Purchase Agreement

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BULLETIN TYPE: Property-Asset or Share Purchase Agreement

posted on Feb 21, 2017 11:31PM

KING'S BAY GOLD CORPORATION ("KBG") tBULLETIN DATE: February 21, 2017 TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing a mineral property acquisition agreement dated February 6, 2017 (the 'Agreement') between the Company and Gary Lewis, Nigel Lewis and Unity Resources Inc. (Gary Lewis) (collectively the 'Vendors'). Pursuant to the terms of the Agreement, the Company may acquire a 100% interest in the Trump Island Property in Newfoundland and Labrador (the 'Property'). By way of consideration, the Company has made a cash payment of $7,000 and will issue 200,000 shares at a deemed price of $0.195 per share. The Property is subject to a 2% NSR in favour of the Vendors of which 50% can be repurchased for $1,000,000.

Please refer to the Company's news release dated February 16, 2017 for further details.

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