SAND555
- Thunder Gold (OTCQB:TGOLF) has agreed to sell its remaining 25% interest in the Dor-Wit copper property (Namibia) to Noronex Limited, it said Tuesday after market.
- Terms of the deal include termination of the existing joint venture agreements; issuance of 5,500,000 shares of Noronex to Thunder Gold; deferred consideration of $1m to Thunder Gold on completion of a Feasibility Study.
- Wes Hanson, President and CEO stated, “This transaction increases Noronex’s 100% owned land position in the Kalahari Copper Belt of Namibia to over 800,000 hectares, representing over 300 kilometres of copper prospective strike length.”
- Source: Press Release
