Sasquatch Resources Corp. (CSE: SASQ) has executed an asset purchase agreement to acquire the Echo Property, a mineral claims package located approximately 10 kilometres from Cowichan Lake on Vancouver Island, British Columbia. The agreement, dated November 5, 2026, involves a share-based purchase totalling $131,250. The transaction is classified as a related party deal under applicable securities rules, adding a governance dimension investors may wish to monitor closely.

Key Points

  • Sasquatch Resources Corp. (CSE: SASQ) announced the acquisition of the Echo Property on Vancouver Island, British Columbia.
  • The company will issue 1,250,000 common shares at $0.105 per share, representing a total purchase price of $131,250, with vendors retaining a 2% net smelter return royalty.
  • Closing is anticipated on or about November 13, 2026; issued shares will be subject to a four-month hold period.
  • Investors may be watching for the technical and historical data on the Echo Property, which the company states will be released shortly.

Echo Property Comprises Eight Mineral Claims Across 442 Hectares

The Echo Property consists of eight mineral claims totalling approximately 442 hectares. The release states that two claims covering 85 hectares have already been granted, while the remaining six claims covering an additional 357 hectares are currently under application. The property is situated roughly 10 kilometres from Cowichan Lake on Vancouver Island. Sasquatch noted that technical and historical information surrounding the property will be released in the near term, though no specific timeline was provided beyond that general statement.

Share Issuance and NSR Structure Underpin the Purchase

Under the terms of the agreement, Sasquatch will issue 1,250,000 common shares to vendors Justin Deveault, Andrew Clarke, and Rory Munroe at a price of $0.105 per share, for a total consideration of $131,250. The vendors will retain a 2% net smelter return royalty on the property. All shares issued under the transaction will be subject to a four-month hold period in accordance with applicable Canadian securities laws, with closing anticipated on or about November 13, 2026.

Related Party Disclosure and MI 61-101 Exemption Applied

Because Justin Deveault is a director of Sasquatch Resources, the transaction constitutes a related party transaction under Multilateral Instrument 61-101. The company states the deal qualifies for an exemption from formal valuation and minority shareholder approval requirements, as the fair market value does not exceed 25% of the company's market capitalisation as defined by MI 61-101. The board unanimously approved the agreement, with Mr. Deveault abstaining. The company did not file a material change report at least 21 days before executing the agreement, citing the available MI 61-101 exemptions as justification.