The TSX Venture Exchange has accepted for filing documentation relating to an earn-in agreement dated July 20, 2025, between Kobo Resources Inc. and an arm's-length party. Pursuant to the agreement, the company shall acquire the right to acquire a 90-per-cent undivided interest in 74.06 square kilometres of exploration ground located in Abidjan, Ivory Coast.
Consideration: $50,000 cash, 380,000 common shares and $719,500 in work expenditures over four years
Additionally, the company will grant the vendor a 1-per-cent royalty on the net smelter return. The company may repurchase half of the royalty (a 0.5-per-cent royalty) for $1-million.
For further details, please refer to the company's news release dated July 31, 2025.
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