Opawica Explorations agreement for Cornwall property
2022-10-04 19:24 ET – Property Agreement
The TSX Venture Exchange has accepted for filing documentation pertaining to a purchase agreement dated Sept. 30, 2022, between Opawica Exploration Inc. and several arm’s-length parties, whereby the company has acquired a 100-per-cent interest in certain mineral claims (the Cornwall property), located in British Columbia.
Under the terms of the agreement, the company will make a $20,000 cash payment and issue 10 million common shares to the vendors as consideration on closing.
The vendor will retain a 2-per-cent net smelter return royalty on the property, of which a 1-per-cent royalty can be purchased by the company at any time for $1-million.
For further details, please refer to the company’s news release dated Oct. 3, 2022.
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