Core Points - Golden Sky Minerals Corp. has received approval from the TSX Venture Exchange for its Option and Joint Venture Agreement with Boliden Minerals Canada Ltd. [2][3] - The Agreement allows Boliden to earn up to an 80% interest in the Rayfield copper-gold property by making cash payments totaling CDN $1,000,000 over five years and funding up to CDN $19,000,000 in exploration expenditures over six years [4] - If a party's interest in the joint venture falls below 10%, it will convert into a 1.0% net smelter returns (NSR) royalty on the Rayfield Gjoll property, with a maximum aggregate royalty of CDN $15,000,000 [5][6] Company Overview - Golden Sky Minerals Corp. is a junior grassroots explorer focused on acquiring, assessing, exploring, and developing mineral properties in mining-friendly districts [7] - The company's portfolio includes the Rayfield-Gjoll Copper-Gold Project in British Columbia, the Hotspot and Luckystrike gold projects in Yukon, and the Auden Gold Project in Ontario [8] - The objective of the company is to create shareholder value through the discovery and development of world-class mineral deposits [8]
Golden Sky Minerals Corp. Receives Exchange Approval, Provides Additional Disclosure on NSR Terms in Boliden Option and Joint Venture Agreement