Article Origin
Volume
31
Issue
9
Year
2013
Constance Lake First Nation has signed an exploration agreement with GTA Resources and Mining Inc. for the continued exploration on GTA’s Auden Property in northern Ontario, located within CLFN traditional territory. The agreement compensates CLFN for cultural and environmental impacts and includes the issuance of 100,000 GTA common shares on signing and the issuance of 200,000 common share purchase warrants on the first to the third anniversary dates (subject to regulatory approval). The agreement also allows for local work opportunities and business ventures, and for continued consultation on land use issues.
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