The TSX Venture Exchange has accepted for filing an amendment to the Barney Ridge option agreement dated April 12, 2024, whereby the original Barney Ridge option agreement dated June 26, 2020, has been amended as follows:
- In lieu of issuing 100,000 common shares on the fourth anniversary of the option agreement and issuing 200,000 common shares on the fifth anniversary of the option agreement, to issue 550,000 common shares on or before May 15, 2024;
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In lieu of $40,000 cash on the fourth anniversary of the option agreement and $60,000 cash on the fifth anniversary of the option agreement, to pay $60,000 on or before May 15, 2024;
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In lieu of a work commitment of $850,000 by the fifth anniversary of the option agreement, no work commitment is required.
For more details, please refer to the company's news release dated April 23, 2024.
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