MGX Minerals Inc. (DB:1MG) entered into an agreement to acquire a 90% interest in the REN Mineral Claims for CAD 0.6 million on August 2, 2017. As per the terms of the agreement MGX can acquire a 90% interest by Incurring exploration and development expenses of CAD 0.2 million within two years, cash payments of CAD 0.0333 million over the next year, issuance of 0.6 million common shares of MGX Minerals over the next two years (0.2 million issued on August 2, 2017 and fair valued at CAD 0.19 million). MGX Minerals can purchase the remaining 10% interest in the REN property for CAD 0.2 million cash at any time.