Great ThunderGold Corp. said April 11 that it will secure full ownership of the2,114-hectare BRX gold property in British Columbia by purchasing the50% interest from its joint venture partner, Levon Resources Ltd.
The company will issue 3.0 million shares and grant a 2.5%net smelter returns royalty, 60% of which can be bought back for US$750,000.
Upon closing, Levon, which mining in 2015, will own 15.55%of Great Thunder's issued and outstanding shares.