Alianza Minerals Ltd. said March 15 that it secured TSX Venture Exchange approval to acquire the Haldane silver property in Canada's Yukon Territory from Equity Exploration Consultants Ltd.
Under the terms, the company is required to make two payments of C$50,000 each and a final payment of C$100,000 in cash or shares by June 30, 2019, as well as issue shares as bonus payments against certain project milestones.
The company also issued 2 million shares to Equity Exploration on receiving exchange approval.
Equity Exploration will have the right to manage exploration programs at Haldane through 2023, while Alianza agreed to assume obligations related to a 2% net smelter royalty on the property.
Alianza is planning additional prospecting and soil sampling for the 2018 field season to identify new vein structures and strike extensions at the property.
