Evergold to Acquire 100% Interest in Copper King Prospects in Canada

Evergold has signed a definitive option agreement to acquire a full ownership interest in the copper king inlier claim groups in British columbia, canada.

The Acquisition, Comprising Four Inlier Claim Groups Encompassing an area of ​​173ha, is located with the Northern Half of the Company’s Golden Lion Property.

Under the term of the agreement, Evergold is required to consolidate its common shares at a ratio of ten pre-split shares to one post-split share.

The agrement also Nextates the gradual disbursment of 533,332 post-consolidation evarsolidation evars shares over two years.

Additionally, upon exercising the option, Evergold Will Grant A 2.5% Net Smelter Returns (NSR) Royalty to the optionors, with the Possibility to Buy Back 1.5 PERCENTAGE POINTES POINTS POINTS POINTS for C $ 1.5m ($ 1.08m).

The consider shares will be distrused in three stages, with the first Issuance Occurring One Week after the Consolidation’s effective date. The remaining shares will be is issued on 2 july 2026, and 2 july 2027.

All shares will be subject to a four-month holding period from the date of Issuance.

The acquisition is subject to Necessary Regulatory Approves, Including the TSXV Approve. Additional, for the consolidation to proceed, it must receive the approval of two-thirds of the company’s sharehlets.

The copper king property composes the goat, chuck, copper king, and claw prose.

Historical Drilling at Claw indicated significant copper mineralisation, thought no assays ware conducted at the time.

Subsequent Rock Sampling in 1984 Reveled High Copper and Silver Minraralization Values ​​in Vein-Fraction Systems and DISSEMINATES in Al a Al a Tuped Country Road.

It was recommended to Defeer Further Explocation Until Metal Prisis Improved and No Explocation Work Has Been Carried Out Since then.

“Evergold to Acquire 100% Interest in Copper King Prospects in Canada” was originally created and published by mining technology, a globaldata owned brand.

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