Copper North Mining Corp. (TSXV:COL) signed an agreement to acquire Thor Property In North Central British Columbia from Electrum Resource Corporation for CAD 0.75 million in cash and stock on June 27, 2014. Under the terms of the agreement Copper North Mining will make an initial payment of CAD 0.03 million in cash and 1 million of its common stock. Additionally, over a six year period, cash payments totaling CAD 0.5 million and four million of additional common shares will be paid. Copper North will incur exploration expenditures on the property totaling CAD 5 million. In addition, Electrum will receive a 2% net smelter return which is capped at CAD 5 million and Copper North also agreed to pay advanced royalty payment of CAD 1 million if commercial production is not attained in respect of the Thor property before the seventh, eighth, ninth, tenth and eleventh anniversaries of the acquisition agreement. The acquisition is subject to the approval of TSX Venture Exchange. The transaction has been approved by the TSX Venture Exchange. Copper North Mining Corp. (TSXV:COL) completed the acquisition of Thor Property In North Central British Columbia from Electrum Resource Corporation on July 11, 2014. Copper North Mining Corp. (TSXV:COL) cancelled the acquisition of Thor Property In North Central British Columbia from Electrum Resource Corporation on July 11, 2018. The transaction was termination due the default from Electrum as a result of Copper North not being able to pay the cash payment.