Strikepoint GOLD Inc. Completes Sale of Black Raven
Suite 507, 837 West Hastings Street Telephone: (604) 602-1440
Vancouver, BC, V6C 3N6 Facsimile: (604) 685-5777 www.strikepointgold.com
STRIKEPOINT GOLD INC. COMPLETES SALE OF BLACK RAVEN
June 1 , 2017, Vancouver, BC – StrikePoint Gold Inc. (TSX.V:SKP) (OTCQB:STKXF)
(“StrikePoint” or the Company) is pleased to announce the completion of the sale of the
Black Raven to Canadian Orebodies.
The agreement pertains to a document dated April 23, 2017, between Canadian
Orebodies Inc. and Strikepoint Gold Inc., whereby Canadian Orebodies has agreed to
acquire a 100 -per-cent interest in 31 mineral claims (the Black Raven property)
located 14 kilometres northeast of Marathon, Ont.
Under the terms of the agreement, Canadian Orebodies will make a $15,000 cash
payment, issue 1.25 million common shares and issue 250,000 common share
purchase warrants as consideration. Each warrant entitles the holder to acquire one
common share at 63 cents for a one-year period.
Canadian Orebodies has also executed a termination and assumption agreement
dated April 23, 2017, with the underlying optionors of the property, in order to
terminate the underlying option agreeme nt, discharge a future milestone payment
and assume the underlying royalty obligations. The termination agreement requires
Canadian Orebodies to issue 200,000 common shares on closing to the optionors and
assume a 2.5-per-cent net smelter royalty.
In relat ion to the transaction, the company has issued a finder’s fee of 61,555
common shares to Caravan Ventures Ltd. at a deemed value of $0.53 per share.
The finder’s fee shares are subject to a regulatory hold period expiring on September
1, 2017.
ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.
Shawn Khunkhun
CEO and Director
For more information, contact:
Shawn Khunkhun
604-602-1440
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 release.