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Barkerville enters multiple agreement, notably with Soda Creek Indian band

Published by
Global Mining Review,

Barkerville Gold Mines Ltd. has announced an interim relationship agreement with the Soda Creek Indian Band.

In accordance with the terms of the relationship agreement, the two parties have agreed to maintain an ongoing relationship with respect to the corporation’s exploration and mining activities on the Cariboo gold project, located in the Xatsull area. The idea of this agreement is to establish a mutually beneficially and cooperative foundation for the development of a relationship between the Xatsull First Nation and Barkerville. It is hoped that this agreement will establish a framework under which Barkerville and Xatsull can benefit from training and open communication with each other. This could promote stewardship and opportunities for businesses within the community to participate in the exploration activities and operations of the Corporation. Under the terms of the Relationship Agreement, Xatsull and Barkerville have further agreed to commence negotiations on an extension to the Relationship Agreement, or a longer term and more comprehensive relationship agreement.

On 18 August 2017, according to the terms of the relationship agreement entered into among the Lhtako Dene First Nation and Barkerville as announced on 17 November 2016, Barkerville issued an aggregate of 400 000 common shares of the Corporation to the Lhtako Dene First Nation. The distribution of these shares marks a continued commitment on the part of Barkerville to create a positive and mutually beneficial relationship, very similar to the Xatsull agreement mentioned previously. The common shares issued to the Lhtako Dene First Nation pursuant to the relationship agreement are subject to a four month hold period, which will expire on 18 December 2017.

On 1 August 2017, Barkerville completed the acquisition of certain property including an office building in Wells, British Columbia to support growing infrastructure requirements of the Cariboo Gold Project. In accordance with part of the purchase agreement the vendor will be issued 50 000 shares (having a value of US$41 000 on the date of issuance). The shares issued in connection with this acquisition are subject to a four month hold period, which will expire on December 1, 2017.

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