On March 15, 2018, the Company and the optionee amended the terms of the option agreement for the Ralleau Property. Under the amended agreement, the Company will receive 1,700,000 post-split (850,000 pre-split) common shares instead of 1,500,000 post-split (750,000 pre-split) common shares.
On June 30, 2018, the Company and the optionee entered the second amendment agreement to amend the terms of the option agreement for the Ralleau Property. Under the second amended agreement, the Company will receive 600,000 post-split common shares, which is due on the earlier of August 31, 2018 and the date the optionee’s common shares are listed and begin trading on the Canadian Securities Exchange (“exchange listing date”). Moreover, the total exploration expenditure of $25,000 is due on or before October 31, 2018 in lieu of June 15, 2018 under the first amended agreement.