The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of a 100-per-cent interest in 14 mineral claims, known as the Area 51 project, located in northern Chile. The property is subject to a 1-per-cent net smelter return (NSR) royalty, which the company can buy back at any time for $1.25-million (U.S.).
Consideration: $10,000 (U.S.), 200,000 common shares and 200,000 warrants (Each warrant is exercisable into one common share at the price of 19 cents for a period of two years.)
For further details, please refer to the company's news releases dated March 30, 2023, and April 20, 2023.
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