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Golden Sun Capital Inc.
Summary
| Project: | Voyageur | |
|---|---|---|
| Deposit: | Frances Creek, Jubilee Mountain, Pedley Mountain | |
| Location: | Canada | |
| Commodities: | Barite | |
| Date: | 2/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-2-2017: Golden Sun Capital Inc. announces a Supporting Acquisition report for its Frances Creek, Jubilee Mountain, Pedley Mountain deposit at the Voyageur project. Summary of property in support of acquisition. The Voyageur Industrial Minerals Ltd. ("V | |
| Resources: | (historical estimates only) | |
| CP/QP: | [Overall Report]: William Henkle, Bradley Willis (Henkle and Associates;Voyageur Industrial Minerals Ltd.) | |
| ABSTRACT: | The Voyageur Industrial Minerals Ltd. ("Voyageur") Project Area, composed of three discontiguous groups of mining claims, is located in the country of Canada, in the Province of British Columbia, as shown on Figure 1. The three prospects are located within a 50 km radius of the town of Radium Hot Springs, B.C. Radium Hot Springs is located 144 km (airline) SW of Calgary, AB. and 530 km (airline) NE of Vancouver, B.C. The Voyageur Project Area is comprised of three prospects; the Frances Creek, Jubilee Mountain and Pedley Mountain prospects. Voyageur Industrial Minerals, Ltd. is a private company, it is using a merger with Golden Sun Inc., as a vehicle to “go public”. The salient points of the agreements between the two companies are synopsized below: The Corporation has entered into a letter of intent to merge with Golden Sun Capital Inc, (TSXV-GST) on the basis of a one for one share exchange. While there is no guarantee that the exchange ratio will not change, or that closing will occur as the transaction is subject to normal conditions, the Corporation anticipates that it will close concurrent with this financing. Golden Sun Inc. (“GST”) and Voyageur Industrial Minerals Ltd. (the “Company”) have entered into a Share Exchange Agreement where-by GST has agreed to acquire all of the outstanding shares of Voyageur Industrial Minerals Ltd. This is a share for share exchange GST will issue 29,695,150 shares, for all of the outstanding Voyageur shares. This transaction is subject to a number of conditions, one of the conditions is that the Company achieves a financing to complete an exploration program, this condition has been satisfied, and the funds are held in trust with GST’s lawyers. The other significant condition is the approval of this transaction by the TSX Venture Exchange. | |
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