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Transpacific Acquires Field of Dreams Property from Goldenfire Minerals Inc.
Nov 26, 2024•over 1 year ago
Contract Type
agreement
MelancthonMiningDescription
Transpacific Resources Inc. has entered into a claims purchase agreement with Goldenfire Minerals Inc. to acquire a total of 139 contiguous mining claims located in Ontario known as the Field of Dreams Property. The agreement involves cash consideration of $100,000 and the grant of a 2% net smelter returns royalty on the claims, which is subject to reduction to 1% upon payment of $1,000,000.
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Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months