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Full Metal Minerals, GSP Resource option agreement

2021-04-15 18:48 ET - Property Agreement

The TSX Venture Exchange has accepted for filing an option agreement dated Feb. 24, 2020, amended on July 30, 2020, Aug. 28, 2020, Dec. 15, 2020, Feb. 1, 2021, and March 12, 2021, between Full Metal Minerals Ltd. and GSP Resource Corp., whereby the company has been granted an option to acquire 60 per cent of GSP's right, title and interest in and to the Olivine Mountain property in British Columbia for the consideration of $515,000 in cash ($65,000 in the first year) and the issuance of 350,000 shares (125,000 shares in the first year) over four years. The exploration expenditures will be $1,125,000 over four years (nil in the first year).

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