The TSX Venture Exchange has accepted for filing documentation pertaining to a purchase and sale agreement dated Aug. 15, 2023, between Canadian Silver Hunter Inc. (the company) and an arm's-length party, 15083974 Canada Inc. (the buyer). Pursuant to the agreement, the buyer will acquire up to 100-per-cent interest in the company's Lost Dog property located in Denton township, West Timmins, Ont.
Pursuant to the terms and subject to the conditions of the agreement, the buyer shall pay an aggregate cash payment of $165,000. Further, the company shall retain a 1-per-cent NSR (net smelter return) payable from future commercial production from the property. Additionally, Timothy Towers, a director of the company, will retain a 2-per-cent NSR.
For further details, please refer to the company's news release dated Aug. 22, 2023, and Jan. 24, 2024.
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