Christopher James Gold Corp. (TSX-V:CJG), a Vancouver mineral exploration firm, plans to acquire one geothermal project and two copper-gold projects from Kelowna's Candorado Operating Company Ltd. (TSX-V:CDO).
CJG has the option to spend up to $3.8 million to buy a 100% interest in the Canoe Reach geothermal project, a 100% interest in the Copper Creek copper-gold project and a 60% interest in the Tillicum Creek copper-gold project.
CJG said it plans to make payments over the next few years to acquire the projects.
The deal's completion is subject to the execution of a definitive agreement, due diligence and other customary closing conditions.
CJG's share price range during the past week: between $0.09 and $0.10; 52-week high: $0.85; 52-week low: $0.08.