Stakeholder Amends 70% Option Agreement for Bass River

About this update from Stakeholder Gold Corp.

[{"type":"text","content":"Stakeholder Amends 70% Option Agreement for Bass RiverToronto, Ontario--(Newsfile Corp. - August 28, 2014) - \n Stakeholder Gold Corp. (TSXV: SRC) (\"Stakeholder\" or the \"Company\") is pleased to announce that it has signed \nan amendment to its option agreement with Cogonov Inc. on the Bass River IOCG exploration project (the \"Bass River Project\"). The amendment was first referenced in a press release dated May 15, 2014, and increases Stakeholder's \nright to earn an interest in the Bass River Project from 51% to 70%. \n\nOn January 22, 2014 and March 31, 2014, Stakeholder announced that it had secured the right to earn a 51% interest in the Bass River Project by making certain expenditures and work commitments. Stakeholder can expand its interest in the project to \n70%, after earning its initial 51%, by spending a further $4M on Project exploration over 24 months, by making a cash payment of $1M to Cogonov Inc. within 6 months of earning the 51% interest, and by making share payments totaling 2,000,000 \ncommon shares of Stakeholder. The common shares are issued in tranches of 500,000 common shares, beginning on signing and issued at the next three annual anniversaries thereof. \n\nThis amendment to the option agreement, and the share issuances, are subject to TSX Venture Exchange approval. \n\nNeither the TSX Venture Exchange (the \"TSXV\") nor it's Regulation Services Provider (as that term is defined in the policies of the TSXV) has reviewed, nor do they accept responsibility for the adequacy or accuracy of, this release. \n\nFor more information, please contact \n\nChristopher J. Berlet, CFA \nPresident & CEO \nStakeholder Gold Corporation \n416 525-6869 \[email protected] \n\t\t\t\n\t\t\t\tcopyright (c) newsfile corp. 2014. all rights reserved\n\t\t\t\n ","length":2121,"tagName":"div"}]

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