Kapuskasing Gold Finalizes Agreement to Acquire Eight Properties in Newfoundland & Labrador
KAPUSKASING GOLD CORP.
133 Richmond Street West, Suite 501, Toronto, ON M5H 2L3 Canada TSXV: KAP
Kapuskasing Gold Finalizes Agreement to Acquire Eight Properties in
Newfoundland & Labrador
April 4, 2017 – Kapuskasing Gold Corp. (TSX-V: KAP) (the “Company” or “KAP”) announces that it
has executed and finalized, subject to TSX Venture Exchange approval, the asset purchase agreement for
a 100% interest in eight (8) separate properties hosting potential gold (Au), silver (Ag), cobalt (Co),
copper (Cu) and vanadium (V) located in the province of Newfoundland and Labrador (NL) announced
March 1, 2017.
The properties are termed the: Kings Court (Cu, Co) project, Lady Pond (Cu, Co, Au, Ag) project, Alexis
(Co) project, Cape Charles (Co) project, Hayes (V) project, Indian Head (V) project, Iron Mountain (V)
project, and the Ross Lake (V) project.
The Company can purchase a 100% interest in all of the properties for total consideration of 7,500,000
shares, and a $5,000 one time cash payment. The Vendors shall retain a 3% net smelter royalty (NSR)
interest, or where applicable, a 3% Net Profit Royalty (NPR). The Company retains the option to buy
back 2% of the NSR (or NPR) for $1,000,000.
The vendors (which are all arm’s length) include Shane Stares, Newman (Wayne) Reid, Stephen Stares,
Michael Stares, Robert Duess, Robert Stares, Alexander Stares, James (Ricky) Crocker, and Calvin
Crocker. No finders fees, or any other associated fees were incurred in this transaction.
Mr. Garry Clark P.Geo, (Exploration Manager and a director of the Company) a Qualified Person ("QP")
as defined by National Instrument 43-101, has reviewed the technical content of this release. The content
of the geological data presented has been derived from the Provinces Mineral Deposit Database and
exploration assessment files and are believed to be accurate and correct.
On behalf of the Board of Directors
Kapuskasing Gold Corp.
Jonathan Armes
President & CEO
Phone 1 (416) 708-0243
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 this press release.
This press release contains forward-looking statements within the meaning of applicable Canadian and U.S. securities laws and
regulations, including statements regarding the future activities of the Company. Forward looking statements reflect the current
beliefs and expectations of management and are identified by the use of words including “will”, “anticipates”, “expected to”,
“plans”, “planned” and other similar words. Actual results may differ significantly. The achievement of the results expressed in
forward-looking statements is subject to a number of risks, including those described in the Company’s management discussion
and analysis as filed with the Canadian securities regulatory authorities which are available at www.sedar.com. Investors are
cautioned not to place undue reliance upon forward-looking statements.