SYDNEY, AUSTRALIA: Benz Mining Corp. has completed the final payment of $1,725,000 to Fury Gold Mines Limited to acquire a 75% interest in three gold properties in Quebec: Eastmain Gold Project, Ruby Hill West and Ruby Hill East.
The payment consisted of $1,350,000 in cash and 1,237,216 shares of Benz. The shares are subject to a four month hold period and TSX-V approval. Benz also has an option to buy the remaining 25% interest in the properties under the Option Agreements signed with Fury Gold Mines Limited (formerly Eastmain Resources Inc) in 2019 and 2020.
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