Announcement
Copper Creek Closes Property Acquisition
Dec 27, 2017
Surge Battery Metals
7 min read
VANCOUVER, BRITISH COLUMBIA – December 27, 2017 – Copper Creek Gold Corp. (the “Company”) announces that further to the Company’s news release dated November 14, 2017 and further to the TSX Venture Exchange’s (“Exchange”) conditional acceptance letter dated December 1, 2017, the Company has closed its property transaction whereby the Company has entered into a property option agreement with Eastfield ResourcesLtd. (“Eastfield”) dated November 14, 2017 (the Agreement”). The Company may earn an undivided 60% interest in seven mineral tenure covering 2,418 hectares (5,972 acres) located approximately 80 km northeast of the town of Quesnel, BC and 20 km north of the historic gold mining towns of Wells and Barkerville (the “Property”), subject to final Exchange approval.
Pursuant to the terms of the Agreement, the Company may exercise the option as follows:
(a) by making payments to the Eastfield as follows:
(i) $20,000 immediately upon execution of the Agreement; and
(ii) $20,000 on the first anniversary of the date of the Agreement;
(iii) $30,000 on the second anniversary of the date of the Agreement;
(iv) $55,000 on the third anniversary of the date of the Agreement;
(v) $100,000 cash and $50,000 to be paid in equivalent shares or cash on the fourth anniversary of
the date of the Agreement; and
(vi) $125,000 cash and $100,000 to be paid in equivalent shares or cash on the fifth anniversary of
the date of the Agreement.
(b) Incurring Exploration Expenditures on the Property as follows:
(i) $100,000 to be spent by the first anniversary of the date of the Agreement;
(ii) an additional $300,000 to be spent by the second anniversary of the date of the Agreement;
(iii) an additional $500,000 to be spent by the third anniversary of the date of the Agreement;
(iv) an additional $600,000 to be spent by the fourth anniversary of the date of the Agreement; and
(v) an additional $1,000,000 to be spent by the fifth anniversary of the date of the Agreement.
A finder’s fee of 100,000 shares will be paid on behalf of the transaction. The 100,000 shares to be issued are subject to a four month and a day hold period expiring on April 28, 2018. The Company also reports that it has filed its technical report entitled NI 43‐101 Report on the Hedge Hog Property, Cariboo Mining Division, dated November 15, 2017. The Report has been prepared in accordance with National Instrument 43‐101 and can be found on SEDAR at www.sedar.com.
About Copper Creek Gold:
The Company is a Canadian‐based mineral exploration company which has been active in the resource sector in British Columbia and elsewhere in Western Canada.
ON BEHALF OF THE BOARD
”Tim Fernback”
Tim Fernback, Director
FOR FURTHER INFORMATION CONTACT
Gordon Jung Chief Executive
Officer Tel: 604‐786‐3255
Email: gordiejung@gmail.com
Contact Information
Email : info@surgebatterymetals.com
Phone : 604-662-8184
Website: surgebatterymetals.com
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This document may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan” or “planned”, “possible”, “potential”, “forecast”, “intend”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. Forwards-looking statements herein, include statements related to the timing of the closing of the Transaction and future news releases. Such statements represent the Company’s current views with respect to future events and are necessarily based upon several assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political, environmental (including endangered species, habitat preservation and water related risks) and social risks, contingencies, and uncertainties, including risks related to unforeseen variables preventing the closing of the Transaction. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules, and regulations.
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