DAKOTA TERRITORY RESOURCE CORP (OTCMKTS:DTRC) Files An 8-K Completion of Acquisition or Disposition of AssetsItem 2.01 Completion of Acquisition or Disposition of Assets.
On April 5, 2017, the Registrant entered into Exploration and Mining Lease and Option to Purchase Property Agreements appertaining to a combination of surface and mineral title to 284 acres located in the Homestake District of the Northern Black Hills of South Dakota. The property acquisition included approximately 61 acres located immediately to the south and contiguous to Registrant’s City Creek Property, approximately 82 acres located one half mile south of the Blind Gold Property adjacent to the historic Maitland Mine and approximately 141 acres located immediately north and contiguous to the Homestake Paleoplacer Property.
Registrant’s property acquisition is consistent with its business development strategy of expanding its high quality mining interests within the Homestake District. Registrant completed this acquisition in the ordinary course of its business. Based upon the amount paid, the acquisition was not deemed to involve a significant amount of assets otherwise reportable under Item 2.01.
The acquisition was completed through Exploration and Mining Lease and Option to Purchase Property Agreements made and entered into by and between Trucano Novelty, Inc., a South Dakota Corporation, whose address is 155 Sherman St., Deadwood, South Dakota 57732 and Registrant. There is no material relationship, other than in respect of the transaction, between the Owners of the property asset and the Registrant or any of its affiliates, or any director or officer of the Registrant, or any associate of any such director or officer.
Through this property acquisition Registrant’s land holdings have increased to a total of 3,341 acres in the Homestake District of the Black Hills of South Dakota.
Section 9 – Financial Statements and Exhibits Item
9.01 Financial Statements and Exhibits.
Exhibit Index:
Exhibit Number
Description
EX – 99.1
Press Release dated April 10, 2017
EX – 99.2
Short Form of Exploration and Mining Lease and Option to Purchase Property Agreement “Block A”
EX – 99.3
Short Form of Exploration and Mining Lease and Option to Purchase Property Agreement “Block B”
EX – 99.4
Short Form of Exploration and Mining Lease and Option to Purchase Property Agreement “Block C”
EX – 99.5
Short Form of Exploration and Mining Lease and Option to Purchase Property Agreement “Block D”
EX – 99.6
Short Form of Exploration and Mining Lease and Option to Purchase Property Agreement “Block E”
About DAKOTA TERRITORY RESOURCE CORP (OTCMKTS:DTRC)
Dakota Territory Resource Corp. (Dakota) is an exploration-stage company. The Company is engaged in the business of acquisition and exploration of mineral properties. The Company maintains ownership of three mineral properties located in the Black Hills of South Dakota, including the Blind Gold, City Creek and Homestake Paleoplacer Properties, all of which are located in the heart of the Homestake District and cover a total of approximately 3,060 acres. Its Blind Gold Property consists of a group of over 110 unpatented lode-mining claims covering approximately 2,020 acres. Its Homestake Paleoplacer Property consists of a total of approximately 224.4 mineral acres covering approximately 3,100 feet of the projected northward extension of the Homestake Paleoplacer Channel Trend in the western portion of Lawrence County, the United States. Its City Creek Property consists of a group of approximately 20 unpatented lode-mining claims covering approximately 390 acres. DAKOTA TERRITORY RESOURCE CORP (OTCMKTS:DTRC) Recent Trading Information
DAKOTA TERRITORY RESOURCE CORP (OTCMKTS:DTRC) closed its last trading session down -0.0032 at 0.0591 with 200 shares trading hands.