Subject: News Release for changes to Black Panther deal
PDF Document
File: Attachment 2024-09-24-KLM-BLACK PANTHER revised option agreement news release.pdf
Kermode change BLACK PANTHER to BEATON GOLD Project on Vancouver Island
Victoria, British Columbia - (September 24, 2024) - Kermode Resources Ltd. (TSXV: KLM)
announces changes to the BLACK PANTHER property purchase option. The changes include
reducing the size of exploration claims, changing the members of the vendor group, and
changing the project name. The changes are subject to approval by the TSX Venture Exchange.
The BEATON GOLD project now comprises claims covering approximately 934 hectares with
claim numbers 1098836, 1103854, 1103723, 1106076. The Effective Date remains August 11,
2023.
The total share issuance remains 4,800,000 shares with the following schedule:
(A) 1,2,00,000 Shares on the Effective Date (Paid on the Effective Date);
(B) an additional 1,200,000 Shares on or before 12 months following the Effective Date;
(C) an additional 1,200,000 Shares on or before 24 months following the Effective Date;
(D) an additional 1,200,000 Shares on or before 36 months following the Effective Date;
There are four owners (Justin Deveault, Michael Deveault, Justin McNutt, and 802213 Alberta
Ltd.) who will share equally in all payments. The "Net Smelter Return royalty" has been
changed to 1% one percent with a $1M one million dollar buy-down to remove the royalty and
the Sales Participation Right has been removed.
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
For further information please contact:
Tel: 1-250-588-6939
Email: peterbellmining@gmail.com
Website: https://linktr.ee/kermoderesources
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined
in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward-Looking Statements
The forward-looking information contained in this news release represents the expectations of
the Company as of the date of this news release and, accordingly, is subject to change after such
date. There is no assurance that the Company will acquire the Project on the terms as outlined
above, or at all. While the Company 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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