Dark Streaming/Mobile Old Site Home Products Help Contact Us Your Account System Status
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS
00:36:01 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Kermode Resources Ltd
Symbol KLM
Shares Issued 143,343,148
Close 2023-02-28 C$ 0.015
Market Cap C$ 2,150,147
Recent Sedar Documents

Kermode signs LOI to option 935 ha Knockout in B.C.

2023-03-03 11:19 ET - News Release

Bell Subject: News release to publish (KNOCKOUT exempt transaction ) PDF Document File: Attachment 2023-03-03-KLM-NEWS for Exempt Transactions 911 MINING.pdf Kermode signs LOI for 911 KNOCKOUT Project on Vancouver Island Victoria, British Columbia March 3, 2023 Kermode Resources Ltd. (TSXV: KLM) ("Kermode") signs a non-binding letter of intent to option a collection of exploration projects as an exempt transaction within TSX Venture Exchange policy. The total area of the project is approximately 935 hectares of mineral claims in BC. The KNOCKOUT PROJECT is comprised of the following separate projects. The Maidan Project covers 341 hectares with claim numbers 1101659, 1101723, 1101724. The Robertson River Copper Project covers 340 hectares with claim number 1101059. The Comego Project covers 254.69 hectares with claim number 1102760. To earn 100% ownership of the project, Kermode must assign the vendors a Net Smelter Return royalty and a Sales Participation Right as described below. The Net Smelter Return royalty is set at 2% two percent with a buy-down of $2M two million dollars to reduce the royalty to zero. The Sales Participation Right is set at 10% twenty percent for a period of 10 ten years, where the right is calculated as a percentage of the gross proceeds from any transaction whereby Kermode sells any interest in any of the projects. There are no exploration spending commitments, share payments, or cash payments. 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.

© 2024 Canjex Publishing Ltd. All rights reserved.