05:51:44 EDT Wed 15 May 2024
Enter Symbol
or Name
USA
CA



Azarga Metals Corp (2)
Symbol AZR
Shares Issued 33,505,273
Close 2024-01-18 C$ 0.05
Market Cap C$ 1,675,264
Recent Sedar Documents

Azarga Metals agreement for Marg property

2024-01-18 19:13 ET - Property Agreement

Further to the bulletin dated Nov. 9, 2021, the TSX Venture Exchange has accepted for filing documentation with respect to the amendment of the arm's-length acquisition of the Marg mineral property, located in central Yukon, by Azarga Metals Corp. from Sabre Gold Mines Corp. Pursuant to a side letter agreement dated Jan. 6, 2024, effective Nov. 28, 2023, the terms of the acquisition have been converted to an option to purchase arrangement and Azarga must satisfy the following terms to be satisfied on or before Dec. 1, 2025:

  • Upon exchange approval, 2,866,666 common shares with trading restrictions for 18 months;
  • On or before Dec. 1, 2024, $33,500 in cash or shares (subject to a minimum deemed price of five cents);
  • On Dec. 1, 2025, if Azarga has not exercised the option to purchase on or before Dec. 1, 2024, $33,500 in cash or shares (subject to a minimum deemed price of five cents);
  • To exercise the option to purchase on or before Dec. 1, 2025, $335,000.

For further details, please refer to the company's news release dated Jan. 8, 2024.

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