14:43:12 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Kermode Resources Ltd
Symbol KLM
Shares Issued 110,630,170
Close 2022-07-20 C$ 0.015
Market Cap C$ 1,659,453
Recent Sedar Documents

Kermode Resources agreement for Lucky No. 7 project

2022-07-20 20:02 ET - Property Agreement

The TSX Venture Exchange has accepted for filling an option agreement dated July 19, 2022, between Kermode Resources Ltd., and Kelly Fung, Justin Deveault and Duane Loewen. Pursuant to the terms of the agreement, the company may acquire the Lucky No. 7 project, comprising mineral tenure No. 1080546 and located in British Columbia, Canada. By way of consideration, the company will issue a total of 27 million shares at a deemed price of 1.5 cents per share on the next two years to the optionors. The property is subject to a 2-per-cent net smelter return (NSR) royalty in favour of the optionors, and the company may purchase one-half of the royalty (a 1-per-cent NSR royalty) for $1-million and may also purchase the other one-half of the royalty (a 1-per-cent NSR royalty) for an additional sum of $1-million.

For further details, please refer to the company's news releases dated June 24, 2022, and July 20, 2022.

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