January 25, 2010
BCGold Corp. Defines More Copper-Gold Drill Targets at Minto / Carmacks Properties

more ...

January 14, 2010
BCGold Corp. Re-negotiates Engineer Mine Property Agreement

more ...

January 11, 2010
BCGold Corp. Grants Stock Options

more ...

[Most Recent Quotes from www.kitco.com]


Ownership Agreement

BCGold has earned a 51% interest in the Sickle-Sofia Property by completing the following requirements for exercise of a First Option on the Property from Stealth Minerals Ltd.

  • issuance of 150,000 BCGold common shares (issued)
  • issuance of 75,000 BCGold common share purchase warrants (expired without exercise on April 2, 2009)
  • incurrence of $1,000,000 in exploration expenditures by March 28, 2011 (incurred)

A portion of the Sickle-Sofia Property is subject to an underlying 3% Net Smelter Royalty (NSR) held by a third party. The Company can reduce the NSR through various cash payments ranging from $10,000 to $15,000 per property or lump sum payments ranging from $350,000 to $1,000,000.

This Ownership Agreement was part of an earlier option agreement with Stealth Minerals Ltd. For full details please consult Note 7 in BCGold's previous financial statements or contact the Company. 


last updated: May 21, 2009



Home Home
Home Home