fulcrum metals said on monday that it has agreed to buy a 100 interest in ontarios tully gold project from 1911 gold corp for 800000 canadian dollars 598287 in cash the londonlisted canadafocused mineral exploration and development company said that under the agreement a 15 net smelter return royalty will also be paid in 1911s favor the company also said that in conjunction with the purchase it raised 520000 pounds 662948 via a loan note issuewith a gbp1 nominal amount for each noteand that certain directors intend to subscribe for gbp195000 of the loan notes the acquisition is in line with the companys stated strategy to identify and acquire projects that have the potential to increase shareholder value the company said tully is an exciting project that benefits from an existing gold resource which has the potential to be increased and has excellent infrastructure at relatively low allin costs