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

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

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January 11, 2010
BCGold Corp. Grants Stock Options

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Gold:
[Most Recent Quotes from www.kitco.com]


SICKLE-SOFIA PROPERTY

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

 

 

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