Ximen Mining has entered into a royalty option agreement with Gungnir Resources pursuant to which the company has acquired an option to buy all of Gungnir’s remaining interest in its 4% gross metal royalty over the Kenville gold mine property, in British Columbia, for $1.7-million. To exercise the option, Ximen, in accordance with the terms and conditions of the agreement, will pay Gungnir $500 000 in cash on the transaction’s approval by the TSX-V.
