Skip to main content

PLEASE NOTE: For everyone’s safety, Fasken recommends anyone on-site at our Canadian offices be familiar with the COVID-19 recommendations in place which may include one or more of the following: social distancing, hand sanitizing, wearing a mask in common areas and proof of full vaccination. These measures apply to lawyers, staff, clients, service providers and other visitors.

Client Work

Golden Hope Mines acquires royalty interest from Gold Belt Mining

Fasken
Reading Time 1 minute read Subscribe

Overview

Client

Golden Hope Mines Limited

On April 30, 2010, Golden Hope Mines Limited (TSX VENTURE:GNH) (PINK SHEETS:GOLHF) closed the previously announced acquisition of the 10% net proceeds royalty (the "Royalty Interest") in regard to certain of its mining claims located in the Townships of Panet, Ware and Bellechasse, Quebec, from Gold Belt Mining Ltd.("Gold Belt"). The Royalty Interest had previously been granted to Gold Belt by Golden Hope pursuant to a memorandum of agreement dated April 23, 1985. Golden Hope purchased the Royalty Interest pursuant to a royalty purchase agreement and a royalty assignment agreement in exchange for 250,000 common shares of Golden Hope. The common shares issued under the transaction will be subject to a four month hold period. Golden Hope was advised in this transaction by Fasken Martineau with a team that included John Sabetti, Daniel Fuke and Emilie Nadeau.

Team

    Subscribe

    Receive email updates from our team

    Subscribe