Net Smelter Royalty

Benton Resources filed with the TSX Venture Exchange to acquire 100% of Noble Mineral Exploration’s Island Pond Property (175 hectares), contiguous to Benton’s South Pond Gold Zone. The deal includes $30,000 cash and 1,000,000 Benton shares, subject to a four-month hold after approval. The property is subject to a 2% NSR (buyback available to Benton for $1.5M) and a 1% NSR granted to Noble with right of first refusal. No finder’s fees were paid in the arm’s length transaction.

Eagle Plains Resources clarified its property sale agreement with Trident Resources, involving four Saskatchewan claim blocks (16,245 hectares) sold for $14,730. Eagle Plains retains a 2% Net Smelter Royalty. The deal is classified as non-arms length due to a common director, Tim Termuende. Exemptions from formal valuation and minority shareholder approval were granted under MI 61-101 because the transaction value is less than 25% of Eagle Plains’ market capitalization. The TSX Venture Exchange still considers it a reviewable transaction.