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Independence Gold Sells Three Yukon Properties to White Gold Corp.
VANCOUVER, British Columbia, Sept. 18, 2018 (GLOBE NEWSWIRE) -- Independence Gold Corp. (TSX.V: IGO) ("Independence" or "the Company") is pleased to announce th
About this update from Independence Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Sept. 18, 2018 (GLOBE NEWSWIRE) -- Independence Gold Corp. (TSX.V: IGO) (\"Independence\" or \"the Company\") is pleased to announce the sale of the Henderson, Flow and Birdman Properties to White Gold Corp. (“White Gold”). These properties are located in the White Gold District of the Yukon and are contiguous to other properties already held by White Gold. Henderson: Under the terms of the property purchase agreement, White Gold will acquire a 100% interest in the Henderson Property in exchange for $25,000 in cash and 100,000 common shares of White Gold. Independence will retain a 1% net smelter return royalty interest in the Property with a buy back option of $2,000,000. Flow: Under the terms of the property purchase agreement, White Gold will acquire a 100% interest in the Flow and Wolf Creek Properties in exchange for $10,000 is cash and 50,000 common shares of White Gold. Independence will retain a 1% net smelter return royalty interest in the Properties with a buy back option of $1,000,000. Birdman: Under the terms of the property purchase agreement, White Gold will acquire a 100% interest in the Birdman Property in exchange for 10,000 common share of White Gold. These transaction remains subject to TSX Venture Exchange acceptance. About IndependenceIndependence Gold Corp. (TSX.V:IGO) is a mineral exploration company listed on the TSX Venture Exchange. With a portfolio of projects in the Yukon and the 3Ts Project in British Columbia, the Company’s holdings range from early-stage grassroots exploration to advanced-stage resource expansion. For additional information, visit the Company's website www.ingold.ca. Kendra Johnston, P.Geo., the Company’s Qualified Person as defined by National Instrument 43-101 for the White Gold District projects, has reviewed the technical information in this news release. ON BEHALF OF THE BOARD of Independence Gold Corp. “Kendra Johnston” President and Director For further information please contact Kendra Johnston at 604-687-3959 or [email protected] Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. All statements in this press release, other than statements of historical fact, a...