Val d’Or, Québec, Canada / TheNewswire / January 26, 2017

 

Knick Exploration Inc. (TSXV: KNX) (“Knick”) is pleased to announce that it has entered into an option agreement to acquire a 100% interest in 10 claims covering approximately 579 hectares in the Val-d’Or area.

 

Pursuant to such agreement, Knick can exercise its option by paying to the prospector a cash amount of $40,000 payable in 4 instalments over a 2 year period and by issuing to such prospector 800,000 common shares in 4 instalments over a 2 year period.  The prospector shall retain a 2% NSR, half of which can be bought back by Knick at any time for $1,000,000.  Knick will also have a right of first refusal to buy back the other half of the royalty for $2,000,000.

   

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

FOR MORE INFORMATION, CONTACT:

Jacques Brunelle                                Gordon N. Henriksen

President & CEO                                Vice President

Knick Exploration Inc.                        Knick Exploration Inc.

Val-d’Or, Quebec                                Val-d’Or, Quebec

819-874-5252                                819-874-5252

819-856-1387                                819-210-1406