Sheltered Oak Resources Corp has announced that it has purchased the rights to Sage Gold Inc’s interests in the Larder Lake Mining District in Kerrs Township in the Abitibi Greenstone Belt of Ontario.
Sage will receive 2 million common shares of Sheltered Oak Resources and $5 million in cash. Sage will also receive a 2% net smelter royalty (NSR) on the Kerrs Gold property of which 1% can be purchased from Sage by Sheltered Oak at any time for $5 million.
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