Bold Ventures sells Burchell claim units to Gold X2 for C$500,000 cash, shares

Bold Ventures has signed a binding letter of intent to sell 38 mining claim units on the Burchell property to Gold X2. The deal includes C$500,000 in cash, 150,000 shares of Gold X2 common stock valued at approximately C$1.25 million, and a 2% net smelter return (NSR) royalty. Gold X2 has an option to buy back half of this royalty for C$1 million. The claims are subject to an existing 3% NSR with a half buyback for C$2.5 million. The transaction, covering about 6.5 sq km, is pending definitive agreements and TSX Venture Exchange approval.