Egr Exploration Ltd (TSE:EGR) has released an update.
EGR Exploration Ltd. has received TSX Venture Exchange approval for the sale of their Urban Barry Property to Harvest Gold Corp. for $90,000 in cash, 2.75 million common shares, and $300,000 in exploration commitments, while retaining a 2% net smelter return. The deal allows EGR the flexibility to buy back 1% of the NSR for $1 million, signaling a strategic move for the company’s assets in the prolific James Bay/Abitibi region of Quebec.
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