Evergold has secured a deal to acquire full ownership of the Copper King inlier claim groups in British Columbia, Canada, totaling 173ha within their Golden Lion property. This involves share consolidation, distribution of 533,332 shares over two years, and granting a 2.5% NSR royalty with a buyback option.

The acquisition includes the Goat, Chuck, Copper King, and Claw prospects, with historical drilling indicating significant copper mineralization at Claw. Rock sampling in 1984 revealed high copper and silver values, prompting further exploration with no work done since then. Regulatory and shareholder approvals are needed for the deal to proceed.

Upon approval, Evergold will acquire 100% interest in the Copper King prospects, with a potential buyback option for a 1.5% NSR royalty. The acquisition will involve share consolidation and gradual distribution of shares over two years, subject to regulatory and shareholder approvals. Historical data suggests significant mineralization at the Claw prospect.

Read more at Yahoo Finance: Evergold to acquire 100% interest in Copper King prospects in Canada