Vancouver-based Alerio Gold has announced the company recently closed the acquisition of two gold mining proper-ties, the Tassawini Property and the Harpy Property, in Guyana from Goldeneye Capital Ltd.
As part of the deal, Alerio Gold issued 50,000 shares to Goldeneye at a price of US$0.25 per share, made a one-time US$500,000 cash payment, and granted Goldeneye with a 3 percent net smelter royalty over the Tassawini Property to Goldeneye, the gold miner said in a statement.
"Pursuant to the terms of the Definitive Agreement, Alerio Gold owns the Properties via an irrevocable power of attorney, retaining full eco-nomic and exclusive interest in the Properties," according to the sta-tement.
The latest development comes following "an asset purchase agree-ment entered into between the Company, Goldeneye, and Chatrad-haree Mohan, dated October 5, 2021," Alerio Gold said.