Caprock Mining (CAPR-Cse) Completes Property Acquisition From Big Ridge Gold (BRAU-V)
Feb 28, '22 - NR
Caprock Mining Corp. has completed the acquisition of a 100-per-cent interest in an aggregate of 523 mining claims and 15 leases in the province of Ontario comprising the properties known as Mud Lake, Golden Heart, Brookbank East, Three Towers, Miner Lake and Green Oaks, subject to certain royalties from Big Ridge Gold Corp., as previously described in the long form prospectus of the company dated Dec. 23, 2021. As consideration for the acquisition of the property, the company issued 10 million common shares of the company at a deemed price of 10 cents per consideration share. The consideration shares will be subject to a statutory hold period of four months and one day and to an escrow agreement between the company, Marrelli Trust Company Ltd., Big Ridge Gold et al., dated Jan. 26, 2022, which is available on the company's SEDAR profile.
About Caprock Mining Corp.
Caprock Mining is a Canadian gold exploration company focused on opportunities in the historical Beardmore-Geraldton gold belt (BGB) of Ontario. The company's 100-per-cent interest in six gold exploration properties gives it a substantial landholding in the BGB -- a belt that has produced over four million ounces of gold historically and contains the world-class Greenstone gold project (formerly known as the Hardrock gold project), which is being brought to production by a joint venture partnership between Equinox Gold and Orion Mine Finance. With an experienced management team that has a strong exploration pedigree, Caprock is poised to advance its portfolio of gold exploration properties in the BGB to generate incremental shareholder value.
For More Information:
Please contact:
Vishal Gupta
President & CEO
Direct: 1-647-466-0506
E-Mail: vgupta@caprockmining.com |
