Constantine Metal agreement for Hornet Creek property
2021-12-24 15:19 ET – Property Agreement
The TSX Venture Exchange has accepted for filing documentation relating to an option agreement dated Oct. 1, 2021, between the company and Merrill Palmer (the vendor), pursuant to which the company acquired an option to earn a 100-per-cent interest in the Hornet Creek property from the vendor. As consideration, the company will pay a total of up to $2.3-million (U.S.) in cash and issue up to one million common shares of the company over the course of a four-year period ending Oct. 1, 2025. Alternatively, the company may pay up to an additional $580,000 (U.S.) in lieu of issuing common shares.
Insider/pro group participation: none
For further information, refer to the company’s news release dated Oct. 21, 2021, which is available under the company’s profile on SEDAR.
https://www.constantinemetals.com/
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