Item 1.01 Entry into a Material Definitive Agreement.
On
Under the terms of the Definitive Agreement, Dakota Territory has a three-year
option to acquire 2,126 acres of surface and mineral rights with attendant
facilities held by HMCC and LAC (the "Option"). In consideration for the Option,
Dakota Territory has made a cash payment of
Under the Definitive Agreement and in aggregate with Dakota Territory's other
property holdings, Dakota Territory will own or have under lease a total
property package of 34,657 mineral acres (38,918 acres total) in the immediate
Item 3.02 Unregistered Sales of
The information in Item 1.01 is hereby incorporated herein by reference. The 400,000 Shares were issued and sold in reliance upon an exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended. No commissions were paid in connection herewith.
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 10.1 Option Agreement for Purchase and Sale of Real Property datedOctober 14, 2021 betweenHomestake Mining Company of California ,LAC Minerals (USA) LLC andDakota Territory Resource Corp. 99.1 Press Release, datedOctober 14, 2021 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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