Guardian Signs Definitive Agreement for Acquisition of Sundog Gold Project in Kivalliq, Nunavut

About this update from Guardian Exploration Inc.

[{"type":"text","content":"Guardian Signs Definitive Agreement for Acquisition of Sundog Gold Project in Kivalliq, Nunavut\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n Calgary, Alberta,\n \n\n April 10, 2025 –\n \n\n TheNewswire -\n \n\n Guardian Exploration Inc. (TSXV: GX) (OTCQB:\nGXUSF) (Frankfurt: R6B)\n \n\n (“\n \n\n Guardian\n \n\n ” or the\n“\n \n\n Company\n \n\n ”) is pleased to announce that it has signed a definitive\nagreement (the “\n \n\n Agreement\n \n\n ”) with New Break Resources Ltd.\n(CSE: NBRK) (“\n \n\n New\nBreak\n \n\n ”) for the purchase (the “\n \n\n Acquisition\n \n\n ”) of\nNew Break’s 100% interest in\n \n\n the mineral\nrights and exploration data associated with the 9,415 hectare Sundog\ngold project located in Kivalliq Region, Nunavut (“\n \n\n Sundog\n \n\n ”) held\npursuant to an Inuit Owned Lands Mineral Exploration\nAgreement\n \n\n (“\n \n\n MEA\n \n\n ”) and 60 drums\n(12,300 litres) of JetA fuel located in Arviat, Nunavut (collectively\nthe “\n \n\n Assets\n \n\n ”).  The proposed acquisition was originally announced on\nDecember 9, 2024.\n \n\n\n\n In consideration for the Assets, upon closing, Guardian\nwill issue 5,000,000 common shares in the share capital of the Company\nto New Break and make a cash payment of $75,000.\n \n\n In addition, Guardian will pay $18,830 to New Break as\nreimbursement for the 2024-2025 annual rent paid to NTI by New Break\nin December 2024.\n \n\n Guardian will assume all of\nthe obligations under the MEA including the annual exploration\nexpenditure requirements and annual rent payments due to Nunavut\nTunngavik Incorporated (“\n \n\n NTI\n \n\n ”).\n \n\n\n\n In connection with the Acquisition, Guardian will grant\nan option to New Break to purchase a 20% interest in the Sundog\nproject at any time for $1.00, carried through to a decision to mine.\nUpon exercise, the parties will enter a joint venture agreement on\nmutually agreed terms.\n \n\n\n\n The Acquisition of Sundog is an Arm’s Length\nTransaction under the policies of the TSX Venture Exchange (the\n“\n \n\n Exchange\n \n\n ”).  Completion of the Acquisition is subject to approval\nfrom the Exchange, NTI and the boards of Guardian and New Break as\nwell as other...

More updates from Guardian Exploration Inc.