Vior Options its Mosseau Gold Project to Harvest Gold
MONTREAL, QC / ACCESSWIRE / December 18, 2023 / VIOR Inc. (Vior or the Corporation ), (TSX-V:VIO)(OTCQB:VIORF)(FRANKFURT:VL51) is pleased to announce that it has executed a definitive agreement (the "Agreement") with Harvest Gold Corp. ("Harvest")., …
MONTREAL, QC / ACCESSWIRE / December 18, 2023 / VIOR Inc. (Vior or the Corporation ), (TSX-V:VIO)(OTCQB:VIORF)(FRANKFURT:VL51) is pleased to announce that it has executed a definitive agreement (the "Agreement") with Harvest Gold Corp. ("Harvest")., for Vior's Mosseau Gold Project (the "Project"), located approximately 70 kilometres west of Windfall Mining Group's Windfall gold deposit, near Lebel-sur-Quévillon, Quebec. The Project consists of 147 claims encompassing over 72 sq km and includes a 17.7km long gold-bearing structure.
The Agreement outlines the terms and conditions between Vior and Harvest, providing Harvest with the right to acquire up to a 100% undivided interest in the Project. This Agreement will be subject to receipt of all regulatory approvals, including acceptance and approval by the TSX Venture Exchange.
Agreement Terms and Highlights
Harvest will have the option to acquire up to a 100% undivided interest in the Project over a 4 1/2‑year period by completing the following terms and conditions:
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Option Terms
Payment |
||||
---|---|---|---|---|
Deadline |
Cash(1) |
Common Shares | Work Commitment(2) | Harvest Interest Earned(1) (4) |
Within three (3) business days of regulatory approval |
$50,000 |
2,000,000 |
Nil |
Nil |
Earlier of (i) the completion of a minimum $500,000 financing; or (ii) February 28, 2024 |
$50,000 |
2,000,000 |
Nil |
Nil |
On or before December 31, 2024 |
$100,000 |