TSX Venture Exchange has accepted for filing documentation relating to an option agreement (the "Agreement") between John Brady and Marie Brady (collectively, the "Optionors"), and MacDonald Mines Exploration Ltd. (the "Company"). Pursuant to the Agreement, the Company shall have the option to acquire an undivided 100% interest in certain mineral claims on properties known as the Jovan and Powerline mineral properties, located approximately 40kms north-east of Sudbury, Ontario.
In order to exercise its option, the Company must issue an aggregate of up to 3,000,003 shares and pay $225,000 to the Optionors, as well an incur exploration expenditures totaling $465,000 over a three year period.
For more information, refer to the Company's news release dated July 18, 2018.