Brief: Bowmore signs purchase agreement to acquire Brunswick belt property in New Brunswick

Osisko Metals (Ontario)

07/03/2017 19:10

March 7 (Reuters) - Bowmore Exploration Ltd  BOW.V  
    * Bowmore signs a purchase agreement to acquire 100% of the 
Brunswick belt property in New Brunswick, Canada 
    * Pursuant to purchase agreement company will acquire 
interest in project by issuing to owner 2.8 million common 
shares of corporation 
    * Under terms of purchase agreement, company will have no 
further financial obligations to the private owner 
    * Shares issued to vendor in counterpart of acquisition will 
be escrowed for period 18 months with release period every 6 
months 
    * Under terms of purchase agreement Bowmore will not be 
encumbered with any area of interest 
    * Co will retain 100% of all net smelter royalties (NSR) 
from proceeds of any commercial production from Brunswick belt 
property 
 
Source text for Eikon:  ID:nCCN87LCW3  
Further company coverage:  BOW.V  
 
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