Minkap Announces Termination of Property Acquisition Agreement FOR the Breccia GOLD Property, Idaho, USA
MINKAP RESOURCES INC.
133 Richmond Street West, Suite 501, Toronto, ON M5H 2L3 Canada TSXV: KAP
MINKAP ANNOUNCES TERMINATION OF PROPERTY ACQUISITION AGREEMENT
FOR THE BRECCIA GOLD PROPERTY, IDAHO, USA
Toronto, Ontario, April 14, 2020 – MinKap Resources Inc. (TSX-V:KAP) (“MinKap” or the “Company”)
announces that, further to its press release of February 18, 2020, the non-binding letter of intent (the “LOI”)
dated February 3, 2020 between the Company and DG Resource Management Ltd. (“DG”) has been
terminated by the Company in accordance with the provisions of the LOI . The Company remains open to
further negotiation of revised terms with DG in respect of the Breccia Gold Property in response to current
market conditions.
The Company also announces that further to its press release of March 5, 2020, the non -brokered private
placement of up to 10,000,000 units (each, a “Unit”) of the Company at a price of $0.075 per Unit for aggregate
proceeds of up to $750,000 (the “Offering”) has been terminated and will not proceed as proposed.
The Company continues to evaluate and rev iew other gold and base metal opportunities for potential
acquisition.
On behalf of the Board of Directors
MinKap Resources Inc.
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. secu rities laws and
regulations, including statements regarding the future activities of the Company. Forward looking statements reflect the cur rent
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 manage ment discussion
and analysis as filed with the Canadian securities regulatory authorities which are available at www.sedar.com. Investors ar e
cautioned not to place undue reliance upon forward-looking statements.