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     174  0 Kommentare Sokoman Minerals Options 80 Claims Lying in the Fleur de Lys Land Package, Western NL

    Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) today announced the execution of two (2) property option agreements (the “Option Agreement(s)”) to add additional mineral claims to the Company’s Fleur de Lys Property in Newfoundland.

    Alexander S. Duffitt and Margaret Duffitt (the “Duffitt Optionors”) have granted Sokoman the option to acquire a 100% interest in a property of six licenses consisting of 51 claims (the “Duffitt Property”) subject to a 2% net smelter return royalty (the “Duffitt NSR”) in favor of the Duffitt Optionors (the “Duffitt Option”). One percent of the Duffitt NSR may be purchased by the Company for $1M any time prior to production. The Duffitt Option will terminate if Sokoman fails to complete any of the following terms, each cash payment and share issuance to be made jointly to the Duffitt Optionors:

    1. Pay a $20,000 deposit (paid);
    2. Issue 75,000 shares of Sokoman upon TSX Venture Exchange (the “Exchange”) approval;
    3. Pay a further $20,000 and issue 100,000 shares on or before the first anniversary of the Option Agreement;
    4. Pay a further $25,000 and issue 100,000 shares on or before the second anniversary of the Option Agreement; and
    5. Pay a further $35,000 and issue 175,000 shares on or before the third anniversary of the Option Agreement.

    In addition to the cash and share payments mentioned above, Sokoman will issue jointly an additional 500,000 shares to the Duffitt Optionors in the event an NI 43-101 compliant inferred mineral resource of a minimum of 100,000 ounces of gold or gold equivalent is established on the Duffitt Property.

    Stanley H. B. Squires and Robert P. McGuire (the “Squires/McGuire Optionors”) have granted Sokoman the option to acquire a 100% interest in a property with license 03128M NTS12H/16 consisting of 29 Claims (the “Squires/McGuire Property”) subject to a 2% net smelter return royalty (the “Squires/McGuire NSR”) in favor of the Squires/McGuire Optionors (the “Squires/McGuire Option”). One percent of the Squires/McGuire NSR may be purchased by the Company for $1M any time prior to production. The Squires/McGuire Option will terminate if Sokoman fails to complete any of the following terms, each cash payment and share issuance to be made jointly to the Squires/McGuire Optionors:

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    Sokoman Minerals Options 80 Claims Lying in the Fleur de Lys Land Package, Western NL Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) today announced the execution of two (2) property option agreements (the “Option Agreement(s)”) to add additional mineral claims to the Company’s Fleur de Lys Property in …