Opus One GOLD Corp. Announces Update ON Its Fecteau Property Deal
2075 Victoria, #220
St Lambert, Québec, Canada, J4S 1H1
Tel: (514) 591-3988
NEWS RELEASE
MARCH 14, 2022 TRADING SYMBOL: TSX-V: OOR
OPUS ONE GOLD CORP. ANNOUNCES UPDATE ON ITS FECTEAU PROPERTY
DEAL
NOT FOR DISTRIBUTION TO U.S NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
MONTREAL, QC, March 14, 2022 – Opus One Gold Corp. (OOR : TSXV) (“Opus One
Gold” or the “Company”), in connection with the amendment of its option agreement on
the Fecteau property announced on October 15, 2020, the Company is pleased to
announce that it has made a second payment to the property owners in the amount of
$75,000, half of which is payable in common shares of the Company at a deemed price
per share of $0.05 (750,000 common shares), as consideration for the amendment to the
original option agreement on the Fecteau property.
Following this payment, the Company’s remaining option payments total $100,000 along
with exploration expenditure commitments totaling $350,000 (of which an amount of
$150,000 is to be incurred on or before December 31, 2021). Moreover, the parties have
agreed that 50% of the remaining option payments shall be payable in common shares
of the Company at a price share equal to the closing price of such shares on the TSX
Venture Exchange (the “ Exchange”) on the trading day immediately before the date of
issuance, subject to the minimum price allowed by the policies o f the Exchange. For
certainty, all option payments payable in shares shall not exceed a maximum of 2,395,833
common shares, of which 1,598,214 common shares have been issued thus far. The
common shares issued pursuant to the above are subject to a statutor y four-month hold
period ending July 15, 2022.
For more information on the amendment and the first payment, see news release dated
October 15, 2020.
OPUS ONE Resources Inc.
Opus One Resources Inc. is a mining exploration company focused on discovering high
quality gold and base metals deposits within strategically located properties in proven
mining camps, close to existing mines in the Abitibi Greenstone Belt, north- western
Quebec and north-eastern Ontario - one of the most prolific gold mining areas in the world.
Opus One holds assets in Val-d'Or, Matagami and Chibougamau areas.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of the release.
For more information, please contact:
Louis Morin
Chief Executive Officer & Director
Tel.: (514) 591-398
Michael W. Kinley, CPA, CA
President, Chief Financial Officer & Director
Tel: (902) 826-1579
Visit Opus One’s website: www.OpusOneGold.com