Business
Bald Eagle Announces Closing of Assignment of Interest in Hot Springs Joint Venture for USD$1.27 Million
Bald Eagle Announces Closing of Assignment of Interest in Hot Springs Joint Venture for U...
About this update from Hercules Metals Corp
[{"type":"text","content":"\n \n \n \n Bald Eagle Announces Closing of Assignment of Interest in Hot Springs Joint Venture for USD$1.27 Million\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 /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO U.S. WIRE SERVICES/\n \n \n \n \n TORONTO\n \n ,\n \n Oct. 28, 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 October 4, 2021\n \n , the Company, has completed the transaction (the \"\n \n Transaction\n \n \") involving the assignment of its 50% joint venture interest in certain unpatented mineral claims and leases in\n \n Nevada\n \n forming the Hot Springs property (the \"\n \n Hot Springs Property\n \n \") to Huizenga Exploration Group, LLC (\"\n \n HEG\n \n \").\n \n \n \n \n \n \n \n \n \n Pursuant to the terms of the Transaction, the Company received\n \n USD$1,270,000\n \n in cash.\n \n \n Mr.\n \n Raymond Harari\n \n , President and Director, commented: \"We are pleased to have successfully completed the divestment of our position in the Hot Springs Property, bringing in significant non-dilutive capital, which will enable us to undertake an exploration program in the recently acquired Hercules property. The completion of this Transaction is another step towards pivoting to our prospective silver property in\n \n Idaho\n \n .\"\n \n \n \n About Bald Eagle Gold Corp.\n \n \n \n Bald Eagle Gold Corp. is a junior mining company focused on the exploration and development of advanced exploration assets in known precious metal districts in the Americas. The Company's objective is to acquire advanced exploration projects for exploration and development. The Company intends to, through evaluating historical data and utilizing modern exploration techniques and geological concepts enhance resources. The management team and board of directors of the Company have an established track record of creating significan...