MacDonald Mines Exploration Ltd. (TSXV:BMK) entered into an agreement to acquire 9019-5504 Quebec Inc. for CAD 0.05 million on November 18, 2016. The consideration consists of 10 million MacDonald Mines shares and the grant of a 2% net sales returns royalty. 100% of the net sales returns may be bought back for CAD 1 million. The deal is subject to TSX Venture Exchange approval and certain other customary closing conditions. MacDonald Mines received conditional approval from the TSXVE. Final approval of the TSXVE is subject to the Corporation satisfying the conditions set out in the conditional approval letters. MacDonald Mines Exploration Ltd. (TSXV:BMK) completed the acquisition of 9019-5504 Quebec Inc. on January 12, 2017. As on January 12, 2017, MacDonald Mines Exploration issued a total of 9 million Class A common shares to acquire 9019-5504 Quebec Inc.