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Golden Hope Mines Signs Option Agreement with HPQ Silicon Resources on the Bellechasse-Timmins Gold Deposit
(via TheNewswire) Mississauga, Ontario / TheNewswire / May 23, 2017 - Golden Hope Mine...
About this update from Delta Resources Limited
[{"type":"text","content":"Golden Hope Mines Signs Option Agreement with HPQ Silicon Resources on the Bellechasse-Timmins Gold Deposit(via TheNewswire)\n\n \nMississauga, Ontario / TheNewswire / May 23, 2017 - Golden Hope Mines Limited (\"Golden Hope\" or \"the Company\") is pleased to announce that it has signed an option agreement with HPQ Silicon Resources Inc. (\"HPQ\") in relation to the advancement of the Bellechasse-Timmins gold deposit located in St-Magloire in the Beauce region of southeastern Quebec.\n\n\n \nOn March 24, 2017 Golden Hope announced the signing of a MOU with HPQ Silicon Resources leading to a new option agreement between the two companies. This new option agreement ends the legal dispute between the two companies and establishes a new agreement for the advancement of the Bellechasse-Timmins gold deposit into a producing mine.\n\n\n \n\"We are extremely pleased to be moving forward with HPQ and their team on the terms of this new option agreement. We believe that this new option agreement will benefit both companies and especially our shareholders. We expect to update our shareholders of all advancements and progress as it unfolds.\" states Frank Candido, President, Director of Golden Hope Mines Limited.\n\n\n \nPatrick Levasseur, President and COO of HPQ Silicon stated, \"I look forward to working with Golden Hope Mines to advance the B-T gold deposit. It's exciting to have this opportunity of developing the potential of the B-T property while we also advance HPQ's Beauce Gold property both of which are located in the Bellechase Gold Belt.\" \n\n\n \nKEY POINTS OF THE NEW OPTION AGREEMENT\n\n\n \n1. The New Agreement provides HPQ with an option to earn a 30% undivided interest in the B-T Deposit by completing, at its cost, a list of actions specified milestones and time deadlines in the New Option Agreement.\n\n\n \n2. The New Option Agreement provides HPQ with a further option to earn an additional 20% undivided interest in the Deposit (total 50%), following the completion of all specified actions, by securing the required financing to fully fund the commercial production of the Deposit in accordance with an Economic Assessment.\n\n\n \n4. HPQ will subscribe to a private placement financing of GNH in the amount of $150,000 at a minimum price of $0.20 cents per share within 45 days of this announcement subject to all regulatory ap...