Antler Gold Provides Update on the Erongo Gold Project Option Agreement
HALIFAX, NOVA SCOTIA – (August 22, 2024) – Antler Gold Inc. (“Antler” or the “Company”) (TSX-V:ANTL) is pleased to provide an update on the expected execution date of the previously announced option agreement with Fortress Asset Management LLC (“Fortress”) regarding the Erongo Central Gold Project (the “Project”) in Namibia.
As announced on May 23 and 24, 2024, the Company’s subsidiary, Antler Gold Namibia (Proprietary) Limited entered into a binding letter of intent dated May 23, 2024 with Fortress (the “LOI”), which allows Fortress to acquire up to a 100% interest in the Project for total consideration of US$5.5 million and incurring US$6.0 million in exploration expenditures, with Antler retaining a 2% net smelter return royalty and acting as the operator for the Project during the three option periods (the “Transaction”).
