Key facts
| Company | BWR Exploration (TSXV: BWR) |
|---|---|
| Commodity | Zinc |
| Location | Canada |
| Stage | Early exploration |
About SHUNSBY PROJECT
In early 2012 (amended in March 2013), BWR and Hage Corporate Services Inc. (“Hage”) entered into an agreement whereby BWR acquired from Hage, a 59.8% interest in 20 contiguous crown patent claims comprising 314.43 hectares, located in Cunningham Township, Porcupine Mining Division, Province of Ontario. Initial exploration work by BWR was planned and took place during the summer and fall of 2013. This work included the preparation of an initial NI 43-101 compliant report that was commissioned in early May 2013, the Company engaged MPH Consulting Limited (“MPH”) of Toronto, Ontario. A 1.5% Net Smelter Royalty is retained by Hage on the terms and conditions as outlined in a previous agreement of which 0.5% shall be reserved for Rally Energy Ltd. (“Rally”), the owner of the 35.3% of the Shunsby Property, in the event of a dilution of interest by Rally as anticipated to be provided for in an agreement to be settled in the future between BWR and Rally and, with respect to the remaining 1.0