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02:24:45 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Kermode Resources Ltd
Symbol KLM
Shares Issued 119,630,170
Close 2022-11-04 C$ 0.015
Market Cap C$ 1,794,453
Recent Sedar Documents

Kermode enters LOI to acquire Mount Polley East

2022-11-10 12:51 ET - News Release

Bell Subject: News release to publish $KLM (LOI for Mount Polley East) PDF Document File: Attachment 2022-11-10-KLM-Mt Polley East LOI NEWS RELEASE.pdf Letter Of Intent for "MOUNT POLLEY EAST" Property Option Victoria, British Columbia - (November 10, 2022) - Kermode Resources Ltd. (TSXV: KLM) ("Kermode") has entered into a non-binding letter of intent to acquire the MOUNT POLLEY EAST ("Project"). The Project comprises mineral tenure number 1098327 owned by Mr. Richard Young. The claims cover 432 hectares approximately 8km from the Mount Polley mine in British Columbia. The LOI provides for a due diligence period extending to February 1, 2023. During this period, Kermode can conduct any work on the Project prior to entering a definitive agreement for a property purchase option as below. TERMS OF THE PURCHASE OPTION: Cash Securities Exploration Commitments Exchange $10,000 4,000,000 $0 Approval Year 1 $5,000 3,000,000 $0 Year 2 $0 3,000,000 $0 Year 3 $0 0 $500,000 OTHER TERMS & CONDITIONS: - 4% Net Smelter Return Royalty "NS", where 3% can be bought-down for $3,000,000 entirely or in part. About Kermode Kermode is a junior mining company hunting for exploration opportunities around the world. On Behalf of the Board of Directors, KERMODE RESOURCES LTD "Peter Bell" President/CEO Tel: 1-250-588-6939 Email: peterbellmining@gmail.com Website: https://linktr.ee/kermoderesources Neither the TSX Venture Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains statements that constitute "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation. Forward-looking statements in this document includes, but is not limited to whether any proposed transaction shall be completed at any time. The forward-looking information contained in this news release represents the expectations of Kermode as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While Kermode may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

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