12:19:46 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Voltage Metals Corp
Symbol VOLT
Shares Issued 110,644,939
Close 2023-10-19 C$ 0.015
Market Cap C$ 1,659,674
Recent Sedar Documents

Voltage options St. Laurent mineral claims to Plethora

2023-10-20 01:12 ET - News Release

Mr. Jay Freeman reports

VOLTAGE METALS CORP. ANNOUNCES OPTION AGREEMENT AND SHARE PURCHASE AGREEMENT

Voltage Metals Corp. has entered into an option agreement dated Oct. 16, 2023, with Plethora Green Energy Corp., pursuant to which the company granted Plethora an option to acquire 100-per-cent beneficial and legal interest in the company's mineral claims located in St. Laurent township in Ontario.

To exercise the option in full and thereby acquire the property, Plethora shall complete the following option payments to the company: (i) on or before the date that is five days from Oct. 27, 2023, a cash payment in the amount of $100,000; (ii) on or before the date that is 12 months from the effective date, a cash payment in the amount of $200,000; (iii) on or before the date that is 24 months from the effective date, a cash payment in the amount of $200,000; and (iv) on or before the date that is 36 months from the effective date, a cash payment in the amount of $400,000.

Pursuant to the option agreement, the company is granted a 1.5-per-cent net smelter royalty interest in the property in perpetuity, subject to repurchase rights exercisable by Plethora in its sole discretion. For the price of $1-million, Plethora may reduce the royalty to a 0.5-per-cent net smelter royalty interest and, for the further price of $1-million, may fully eliminate the royalty.

In addition, the company is pleased to announce that it has entered into a share purchase agreement with Stichting Legal Owner Plethora Private Equity dated Oct. 18, 2023, pursuant to which Stichting shall acquire 80,000 common shares in the capital of Carolina Rush Corp. and 800,000 common shares in the capital of Mink Ventures Corp. from the company. As consideration for the purchased shares, the company shall receive an aggregate of $132,000. The transaction contemplated by the share purchase agreement is anticipated to close on Oct. 27, 2023.

About Voltage Metals Corp.

Voltage is a critical metal exploration and development company focused on Canadian projects near existing or past-producing mines.

We seek Safe Harbor.

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