Stevens Gold Enters Into LOI with Lynx Gold Mining Corp.
SUITE 350 – 1650 WEST 2ND AVENUE • VANCOUVER, BC • V6J 1H4 • CANADA
T (604) 428 – 5171
WWW.STEVENSGOLD.COM
Stevens Gold Enters Into LOI with Lynx Gold Mining Corp.
Vancouver, B.C. October 7, 2020 - STEVENS GOLD NEVADA INC. (CSE: SG) (the “Company” or “Stevens
Gold”) is pleased to announce that it has entered into a binding letter of intent (the “LOI”) to acquire Lynx
Gold Mining Corp., a private B.C. company (“Lynx”) with a mineral option agreement dated September
22, 2020 (the "Option Agreement").
Lynx is in the business of mineral exploration and development. Lynx owns the right, title and interest in
and to an option to acquire a series of mineral exploration permits from the Arizona State Land
Department pursuant the Option Agreement.
Pursuant to the LOI, subject to the policies of the CSE and applicable securities laws, Stevens Gold will
acquire 100% of the issued and outstanding common shares of Lynx from the shareholders of Lynx in
exchange for the allotment and issuance of Stevens Gold common shares to the Lynx shareholders on a
1:1 basis (the “ Transaction”). The Stevens Gold common shares issuable in connection with the
Transaction will be subject to resale restrictions for four months following completion of the Transaction.
On the closing date of the Transaction, Lynx is expected to have approximately 14,896,100 common
shares and no securities convertible or exchangeable into Lynx securities issued and outstanding.
The Transaction will not represent a change of business. There will be no change of directors or officers
of the Company required by the Transaction. The Transaction is at arm’s length.
The parties to the LOI have until the closing of the Transaction to conduct and complete due diligence
investigations of the other party.
Pursuant to the LOI, Stevens Gold and Lynx will now begin negotiations with a view to signing a definitive
agreement (the “ Definitive Agreement ”) that will set out in full the term s of the Transaction . The
Definitive Agreement is expected to incorporate the terms and conditions of the LOI, together with such
additional representations, warranties, covenants, terms and conditions respecting the Transaction and
all related matters as are usual and customary in similar transactions.
The Closing Date shall be specified in the Definitive Agreement but shall be no later than November 2 ,
2020, unless otherwise agreed to between the parties in writing.
About Stevens Gold Nevada Inc.:
Stevens Gold Nevada Inc. is a mineral exploration company. Its primary business objective is to explore
mineral properties. It currently is exploring its optioned claims in Nevada with a view to acquiring
ownership interest in the Black Point property.
ON BEHALF OF STEVENS GOLD NEVADA INC.
SUITE 350 – 1650 WEST 2ND AVENUE • VANCOUVER, BC • V6J 1H4 • CANADA
T (604) 428 – 5171
WWW.STEVENSGOLD.COM
“Charles MaLette”
CEO, President, Director & Secretary
T: 604-428-5171
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the
business of Stevens Gold . Forward -looking information is based on certain key expectations and assumptions made by the
management of Stevens Gold . In some cases, you can identify forward -looking statements by the use of words such as “will,”
“may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,”
“likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions.
Forward-looking statements in this press release include that (a) it will acquire 100% of the Lynx common shares upon the terms
set out above, (b) the share exchange ratio will be 1:1, (c) there will be no change of directors or officers of the Company required
by the Transaction, and (d) the closing date of the Transaction will be specified in the Definitive Agreement and be on or before
November 2, 2020. Although Stevens Gold believes that the expectations and assumptions on which such forward- looking
information is based are reasonable, undue reliance should not be placed on the forward -looking information because Stevens
Gold can give no assurance that they will prove to be correct.
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy
of the contents of this release.