Alerio Gold Corp. (CNSX:ALE) entered into a property purchase agreement to acquire Five Gold Prospecting licenses in Guyana for CAD 6.2 million on February 9, 2022. The purchase agreement for the transaction is formed on February 15, 2022.

In consideration for the acquisition, Alerio Gold will pay the vendors an aggregate of CAD 200,000 and will issue 25,000,000 common shares. Alerio Gold will advance CAD 200,000 as a refundable deposit to the Vendors. The closing of the acquisition is subject to the approval of the Canadian Securities Exchange, completion of a satisfactory due diligence, and the entering of a definitive agreement.