Sokoman Iron Corp. (TSXV:SIC) signed a letter of intent to acquire 100% interest in a 10 Claim Block adjacent to Altius Minerals for $0.67 million on January 10, 2017. The consideration includes by paying the vendors $5,000.00 and issuing 750,000 shares on signing and an additional 650,000 shares on the first anniversary of the agreement. The vendors retain a 2% NSR of which half can be purchased for $1 million cash. In addition to the above payments, Sokoman agrees to pay the vendors $1 million payment upon completion of a NI 43-101 compliant resource in cash/shares/or mix; $2 million payment upon completion of a pre-feasibility in cash/shares/or mix; $3 million payment upon completion of a final/full/bankable feasibility. The transaction is subject to TSX-V exchange approval. Sokoman Iron Corp. (TSXV:SIC) completed the acquisition of 100% interest in a 10 Claim Block adjacent to Altius Minerals on January 20, 2017.