King’s Bay Sells Menary Gold Project
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King’s Bay Sells Menary Gold Project
Vancouver, March 27 th, 2017 - King’s Bay Gold Corporation (TSX -V: KBG), (FSE:KGB1) ,
operating as “King’s Bay”, a mining exploration and development company based in Vancouver
Canada, is pleased to announce that it has entered into an agreement, pending exchange approval,
with Destroismaison CLM Holdings Corporation, a newly formed private company, in regard to the
Menary Gold Project, located in the Kenora Mining Division of Ontario.
In exchange for 100% of the right, title, and interest in and to the Menary Gold Project, consisting
of one mining lease, and 5 unpatented claims, the Vendor shall receive 15% of the existing shares
of the Purchaser. The Purchaser shall retain for the period of 24 months from the date of execution,
the option to purchase back the entirety of the 15% share position of the Vendor for $100,000.00.
Kevin Bottomley states: “This transactio n allows King’s Bay the ability to focus on our stated goal
of exploring for cobalt and other high tech metals, while maintaining exposure to the potential of
one of our non-core assets.”
About King’s Bay
King’s Bay is focused on the exploration of coba lt and other high tech metals in North America.
The company believes in this emerging fast growth sector and will continue to seek out and
evaluate properties that show promise for development. King’s Bay Gold Corp is operating as
King’s Bay.
On Behalf of the Board of Directors,
Kevin Bottomley CEO, President
For Investment Inquiries please contact:
Brad Hoeppner, Director
O: 604 681 1568
Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy
of this release.