TORONTO, ONTARIO – February 2, 2021 – Stone Gold Inc. (TSX-V: STG) (“Stone Gold” or the “Company“) is pleased to announce that it has completed the acquisition of the mineral claims in Red Lake, Ontario (the “Claims”) from EMX Royalty Corporation (“EMX”) previously announced in the Company’s January 13, 2021 news release.
Under the terms of the purchase agreement, EMX received a cash payment of $10,000, the grant of a 1.5% net smelter royalty on the Claims and will be issued 30,000 common shares of Stone Gold (“Common Shares”) at closing in exchange for 100% ownership of the Claims.
The Common Shares issued to EMX are subject to the statutory four months and a day hold period.
For further information, please contact:
Mr. John Timmons
President & CEO
Stone Gold Inc.
Cellular (416) 931 2243