Mr. Peter Bernier reports
PROSPER GOLD PROVIDES UPDATE AN OPTION AGREEMENT TO ACQUIRE THE KAZA AND NORTHSTAR PROPERTIES
Prosper Gold Corp. is commenting on the status of its option to acquire a 100-per-cent interest in the Kaza and Northstar properties, pursuant to a definitive option agreement with several individuals, as previously announced on Feb. 20, 2024. The company received conditional approval of the transaction contemplated by the option agreement from the TSX Venture Exchange on March 8, 2024, which requires the company to provide an update on the status of the transaction 30 days following the initial press release.
The company satisfied the first condition to exercise the option by issuing 150,000 common shares in the capital of the company to the optionors on March 21, 2024. The option shares will be subject to a statutory hold period of four months and one day.
Completing the option exercise remains subject to the final approval of the TSX-V and the company satisfying the remaining conditions under the option agreement, as more particularly described in the initial press release.
We seek Safe Harbor.
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