representative work

Hemlo Explorers Completes Definitive Earn-In Agreement and Private Placement with Barrick Gold

08/31/2022

On August 29, 2022, Hemlo Explorers Inc. executed a definitive agreement with a wholly-owned subsidiary of Barrick Gold Corporation whereby Barrick has the right to earn into an 80% interest in the Pic Project.

On August 31, 2022, Hemlo closed a private placement with a wholly-owned subsidiary of Barrick Gold Corporation, pursuant to which Hemlo issued 1,841,468 common shares priced at $0.1052 per share for gross proceeds of $193,722.

Cassels acted for Hemlo.

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