Benz Mining exercised its option to acquire a 75% stake in the Eastmain Gold Project and the Ruby Hill West and Ruby Hill East properties.

A final payment of $1.72 million, comprising $1.35 million in cash and 1,237,216 shares, has been made to Fury Gold Mines.

The shares will be subject to a four-month hold period and TSX-V acceptance.

Benz retains the option to acquire the remaining 25% for complete ownership.