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Great Thunder Gold completes acquisition of Chubb, Bouvier lithium properties

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Great Thunder Gold completes acquisition of Chubb, Bouvier lithium properties

Great Thunder Gold Corp. said Feb. 9 that it has completed the acquisition of the Chubb and Bouvier lithium properties in Quebec after issuing the final option payment to Globex Mining Enterprises Inc.

The properties were optioned in May 2016, requiring Great Thunder to issue 2,400,000 shares and pay C$60,000 over a six-month period to the vendor to exercise the option.

Chubb and Bouvier are subject to a 2% gross metal royalty and a 1% net smelter royalty. The 1% NSR may be repurchased at any time for C$200,000.