TSX Venture Exchange has accepted for filing documentation pertaining to the mineral property acquisition agreement dated Feb. 18, 2025, between Melkior Resources Inc. and arm's-length parties. Pursuant to the terms of the agreement, the company may acquire a 100-per-cent interest in 76 mineral claims in Timmins, Ont. By way of consideration, the company will make $10,000 cash payment and issue 300,000 common shares to the vendors at a deemed price of 9.5 cents. The property is subject to a 2-per-cent net smelter return (NSR) royalty in favour of the vendor, and the issuer has the option to purchase a 1-per-cent royalty of the NSR royalty for $1-million at any time.
For further details, please refer to the company's news release dated Feb. 28, 2025.
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