The TSX Venture Exchange has accepted for filing documentation with respect to an arm's-length purchase and sale agreement between Earthlabs Inc. and arm's-length parties. Pursuant to the agreement, the company will acquire a 100-per-cent interest in The Northern Miner Group (the target), a leading group of mining media brands, including The Northern Miner, Canadian Mining Journal and Mining.com.

As consideration for the acquisition, the company will: (i) pay the vendors an aggregate cash consideration of $2.5-million; and (ii) issue a non-convertible promissory note in the principal amount of $1.5-million to the vendors on closing. The note is payable in two years from the date of issue in cash, bears interest at 3.5 per cent per annum on principal outstanding and is secured by a general security agreement against the assets of the company.

For further details, please refer to the company's news release dated Oct. 26, 2023.