Trans Canada Gold Enters into an Option Agreement with Bear Mountain Gold Mines to Acquire a 60% Interest in the Harrison Lake District Scale Gold Property, with $10.0 Million Dollars in Prior Exploration Expenditures
Accessnewswire·2026-02-04 15:15

Core Viewpoint - Trans Canada Gold Corp. has entered into a five-year Option Agreement to acquire a 60% interest in the Harrison Lake Gold Property, which is a significant gold project in British Columbia, Canada [1] Financial Terms - The agreement includes a cash payment of $250,000 CDN to Bear Mountain Gold Mines [1] - The company is required to incur exploration and drilling expenditures of $5,000,000 over the five-year period [1] - Additionally, Trans Canada will issue 10,000,000 shares of its common stock to Bear Mountain Gold Mines [1] Project Details - The Harrison Lake Gold Property spans 5,068 hectares and is located near Harrison Lake in southwestern British Columbia [1] - The acquisition is subject to a 2% net smelter returns royalty [1]

Trans Canada Gold Enters into an Option Agreement with Bear Mountain Gold Mines to Acquire a 60% Interest in the Harrison Lake District Scale Gold Property, with $10.0 Million Dollars in Prior Exploration Expenditures - Reportify