Goldseek Resources (GSK-Cse) Acquires Selbaie Property from Harfang Exploration (HAR-V)
Feb 10, '23 - NR
Harfang Exploration Inc. has sold to Goldseek Resources Inc. its Selbaie property. The Selbaie property, located 12 kilometres east of the past-producing copper-zinc-silver-gold Selbaie mine in Quebec consists of six mining claims covering a portion of the eastern flank of the Brouillan pluton and adjacent volcanic rocks. The last previous recorded work was surface geophysical surveying conducted by LaSalle Exploration Corp. in 2015.
"We are pleased to complete this transaction with Goldseek on the Selbaie property. The Harfang team is focused on advancing our core gold projects in James Bay and Northeastern Ontario and gearing up to accelerate activities on our lithium projects in the James Bay region. We wish the Goldseek team all the best and look forward to hearing about their progress," said Ian Campbell, president and chief executive officer of Harfang.
Transaction terms
Pursuant to an agreement dated Feb. 6, 2023, between Harfang and Goldseek, Goldseek has agreed to pay to Harfang $5,000 in cash, issue to Harfang 600,000 common shares at a deemed price of four cents per Goldseek share and grant to Harfang a 2-per-cent net smelter returns royalty, half of which may be bought back at any time for $1-million. The Goldseek shares will be subject to the applicable hold periods in accordance with securities laws in Canada and the policies of the Canadian Securities Exchange.
Qualified person
The technical information in this news release was prepared and approved by Francois Huot, PGeo, vice-president, exploration, of Harfang, who is a non-independent qualified person for the technical disclosure as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.
About Harfang Exploration Inc.
Harfang Exploration is well financed with approximately $8.24-million in the treasury as of Oct. 31, 2022, and is a technically driven mineral exploration company with the primary mission to discover ore deposits in Quebec and Ontario. Harfang is managed by an experienced team of industry professionals with a proven record of success, controls a portfolio of highly prospective projects and has a strong financial position. Harfang is dedicated to best practices through engagement with all stakeholders and commitment to the environment.
On behalf of the Board of Directors and for further information, please contact:
Ian Campbell
President and Chief Executive Officer
Tel: 647 680-3820
Email: icampbell@harfangexploration.com
Web: www.harfangexploration.com
Goldseek Resources
URL: goldseekresources.com
1231 Huron Street, London, Ontario N5Y 4L1
+1 226-271-5170
goldseekresources@gmail.com |
