The TSX Venture Exchange has accepted for filing documentation relating to two earn-in agreements dated Feb. 25, 2025, as amended July 25, 2025, between Kobo Resources Inc. and an arm's-length party. Pursuant to the agreements, the company shall acquire the right to acquire over the next four years a 90-per-cent undivided interest in two exploration licences ground located in Ivory Coast.
Consideration: $60,000 (U.S.) in cash; 760,000 common shares; 1,105,000 Central African francs 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 each of the two properties.
For further details, please refer to the company's news releases dated March 4, 2025, and July 31, 2025.
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