(TheNewswire)
Vancouver, BC - TheNewswire- November 30, 2020 - (TSXV:ROYL) Further to theCompany ' s news release of September 29, 2020,the Company reports that it has amended and restated the originaloption agreement of September 29, 2020, which remains subject toregulatory approval.
The option terms have been clarified to provide the Company("AuQ") with an exclusive option to acquire 70% interest inthe Property in two tranches of 35%.
The first tranche can be acquired by AuQ:
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1) Issuing a $350,000 10% promissory note due onor before October 2, 2022;
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2) Issuing 1,000,000 shares of AuQ to theOptionor
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3) Incurring $200,000 of property expendituresprior to October 2, 2021.
The second tranche can be acquired by AuQ:
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1) Issuing a $350,000 10% 2 year promissory noteon or prior to April 15,2021;
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2) Issuing 500,000 shares of AuQ to the Optionor
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3) Incurring $250,000 of property expendituresprior to October 2, 2023.
For more information please visit www.sedar.com or contact:
Glen Macdonald, P.Geo., CEO
AuQ Gold Mining Inc.
Telephone: (604) 719-8129
E-mail: geoglen@shaw.ca
Neither the TSXVenture Exchange nor it Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.
Cautionary Statements
Certain statementscontained in this press release constitute forward-lookinginformation. These statements relate to future events or futureperformance. The use of any of the words "could","intend", "expect", "believe","will", "projected", "estimated" andsimilar expressions and statements relating to matters that are nothistorical facts are intended to identify forward-looking informationand are based on the Company's current belief or assumptions as to theoutcome and timing of such future events. Actual future results maydiffer materially. In particular, this release containsforward-looking information. Various assumptions or factors aretypically applied in drawing conclusions or making the forecasts orprojections set out in forward-looking information. Those assumptionsand factors are based on information currently available to theCompany. Risk factors that could cause actual results or outcomes todiffer materially from the results expressed or implied byforward-looking information include, among other things: conditionsimposed by the TSX Venture Exchange; changes in tax laws, generaleconomic and business conditions; and changes in the regulatoryregulation. The Company cautions the reader that the above list ofrisk factors is not exhaustive. The forward-looking informationcontained in this release is made as of the date hereof and theCompany is not obligated to update or revise any forward-lookinginformation, whether as a result of new information, future events orotherwise, except as required by applicable securities laws. Becauseof the risks, uncertainties and assumptions contained herein,investors should not place undue reliance on forward-lookinginformation. The foregoing statements expressly qualify anyforward-looking information contained herein.
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