Independence Gold Sells Three Yukon Properties to White Gold Corp.
September 18 2018 - 8:00AM
Independence Gold Corp. (TSX.V: IGO)
("Independence" or "the Company") is pleased to announce the sale
of the Henderson, Flow and Birdman Properties to White Gold Corp.
(“White Gold”). These properties are located in the White
Gold District of the Yukon and are contiguous to other properties
already held by White Gold.
Henderson: Under the terms of
the property purchase agreement, White Gold will acquire a 100%
interest in the Henderson Property in exchange for $25,000 in cash
and 100,000 common shares of White Gold. Independence will
retain a 1% net smelter return royalty interest in the Property
with a buy back option of $2,000,000.
Flow: Under the terms of the
property purchase agreement, White Gold will acquire a 100%
interest in the Flow and Wolf Creek Properties in exchange for
$10,000 is cash and 50,000 common shares of White Gold.
Independence will retain a 1% net smelter return royalty interest
in the Properties with a buy back option of $1,000,000.
Birdman: Under the terms of the
property purchase agreement, White Gold will acquire a 100%
interest in the Birdman Property in exchange for 10,000 common
share of White Gold.
These transaction remains subject to TSX Venture
Exchange acceptance.
About IndependenceIndependence
Gold Corp. (TSX.V:IGO) is a mineral exploration company listed on
the TSX Venture Exchange. With a portfolio of projects in the
Yukon and the 3Ts Project in British Columbia, the Company’s
holdings range from early-stage grassroots exploration to
advanced-stage resource expansion. For additional
information, visit the Company's website www.ingold.ca.
Kendra Johnston, P.Geo., the Company’s Qualified
Person as defined by National Instrument 43-101 for the White Gold
District projects, has reviewed the technical information in this
news release.
ON BEHALF OF THE BOARD of Independence
Gold Corp.
“Kendra Johnston”
President and Director
For further information please contact Kendra
Johnston at 604-687-3959 or info@ingold.ca
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
All statements in this press release, other than
statements of historical fact, are "forward-looking information"
with respect to Independence within the meaning of applicable
securities laws, including statements with respect to the
Company’s planned drilling and exploration activities. The Company
provides forward-looking statements for the purpose of conveying
information about current expectations and plans relating to the
future and readers are cautioned that such statements may not be
appropriate for other purposes. By its nature, this information is
subject to inherent risks and uncertainties that may be general or
specific and which give rise to the possibility that expectations,
forecasts, predictions, projections or conclusions will not prove
to be accurate, that assumptions may not be correct and that
objectives, strategic goals and priorities will not be achieved.
These risks and uncertainties include but are not limited to those
identified and reported in Independence’s public filings under
Independence Gold Corp.’s SEDAR profile at www.sedar.com. Although
Independence has attempted to identify important factors that could
cause actual actions, events or results to differ materially from
those described in forward-looking information, there may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate as actual results and
future events could differ materially from those anticipated in
such statements. Independence disclaims any intention or obligation
to update or revise any forward-looking information, whether as a
result of new information, future events or otherwise unless
required by law.
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