TSX-V-listed TomaGold’s proposed spin-out Monster Exploration has entered into a share purchase option agreement to acquire an option over the Philibert property, 10 km south-east of its Monster Lake property in Quebec’s Chibougamau mining camp.
Pursuant to the agreement, Monster has the right and option to acquire 100% of the outstanding shares of 9220-5392 Québec, which holds an option over Philibert, subject to a 0.5% net smelter return royalty.