Vision Lithium agreement for Decelles property
2022-03-10 19:33 ET – Property Agreement
The TSX Venture Exchange has accepted for filing the documentation relating to an acquisition agreement dated March 4, 2022, between the company, and Gabriel Beland and Michele Richard, in connection with the acquisition of a 100-per-cent interest in 40 contiguous mining claims in the province of Quebec, which, together with an additional 31 claims staked by the company, will be collectively referred to as the Decelles property.
Pursuant to the agreement, the company shall issue 250,000 common shares to the vendors and make a cash payment of $10,000.
The vendor will retain a 2-per-cent net smelter return (NSR) royalty on any saleable production from the property. Fifty per cent of the NSR royalty (a 1-per-cent royalty) may be purchased by the issuer for $250,000.
For further information, please refer to the company’s news release dated March 10, 2022.
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