Hercules Gold USA, LLC and Eclipse Gold Mining Corporation entered into a binding purchase and sale agreement to acquire 83 unpatented lode mining claims in Nevada from CP Holdings Corporation.

Hercules Gold USA, LLC and Eclipse Gold Mining Corporation (TSXV:EGLD) entered into a binding purchase and sale agreement to acquire 83 unpatented lode mining claims in Nevada from CP Holdings Corporation on November 17, 2020. The consideration is paid in the form of $0.1 million in cash, issuing 500,000 common shares and granting a net smelter royalty to the CP Holdings Corporation that varies between 1.25% and 2.5% on the Mining Claims. The transaction is subject to TSX Venture approval.