On December 12, 2018 Buccaneer Gold Corp. (“Buccaneer” or the “Company”) announced that it had entered into a binding letter of intent (the “LOI”) with a company carrying on business in the cannabis market in the United States of America (“TargetCo”), with the goal of effecting a business combination between them (the “Transaction”).

Buccaneer is a mineral exploration company whose long term objective is to build a diversified Company focused on the acquisition, exploration and development of mineral properties.

Peterson McVicar acted for Buccaneer Gold Corp. with a team that included Dennis Peterson and Andrey Shamis.