Business
Bald Eagle Announces Closing of Aqusition of Leviathan Property and Provides Corporate Update
Bald Eagle Announces Closing of Aqusition of Leviathan Property and Provides Corporate Up...
About this update from Hercules Metals Corp
[{"type":"text","content":"\n \n \n \n Bald Eagle Announces Closing of Aqusition of Leviathan Property and Provides Corporate Update\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/\n \n \n \n \n \n TORONTO\n \n ,\n \n Nov. 29, 2021\n \n /CNW/ - Bald Eagle Gold Corp., (\"\n \n Bald Eagle\n \n \" or the \"\n \n Company\n \n \") (TSXV: BIG) (OTCBQ: BADEF) announces that further to the Company's press release dated\n \n November 16, 2021\n \n , the Company has closed the acquisition of a 100% interest in the Leviathan Property located in the Heath Mining District of\n \n Washington County, Idaho\n \n , USA (the \"\n \n Property\n \n \"). The Property is located immediately east of and adjoins the Company's recently acquired Hercules silver property.\n \n \n \n \n \n \n \n \n \n The Company acquired (the \"\n \n Transaction\n \n \") the Property by purchasing all of the issued and outstanding common shares of Frontier Metals Canada Holdings Corp. (\"\n \n \n Frontier Canada\n \n \n \").\n \n Frontier Canada\n \n is a private company existing under the laws of\n \n British Columbia\n \n . In connection with the Transaction, the Company issued to the holders of the common shares of\n \n Frontier Canada\n \n (the \"\n \n Vendors\n \n \") 10,000,000 common shares of the Company at a deemed price of\n \n $0.045\n \n per share and entered into a net smelter return royalty agreement granting the Vendors a perpetual two percent (2.0%) royalty relating to all production from the Property.\n \n \n In connection with the closing of the Transaction subject to approval of the TSX Venture Exchange, the Company has appointed\n \n Christopher Paul\n \n to the Board of Directors of the Company (the \"\n \n Board\n \n \").\n \n \n Mr. Paul holds a B. Sc. in Geology from\n \n Simon Fraser University\n \n , 2014, and a Diploma in Mining & Mineral Exploration Technology, 2011, from the British Columbia Institute of Technology. Mr. Paul is ...