checkAd

Sokoman Minerals and Benton Resources Option Two Properties Lying within the Grey River Gold Property, Newfoundland

Nachrichtenquelle: Business Wire (engl.)
13.07.2021, 19:30  |  180   |   |   

Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) today announced the execution of two (2) property option agreements on behalf of the strategic alliance between the Company and Benton Resources Inc. (“Benton”) (see news release dated May 20, 2021) to add additional mineral claims to the Grey River Gold Property in the province of Newfoundland and Labrador, Canada.

Pursuant to an option agreement (the “Lewis Option Agreement”), Gary Lewis (“Lewis”) has granted Sokoman the option to acquire a 100% interest in a property license consisting of seven claims (the “Lewis Property”) subject to a 1.5% net smelter return royalty (the “Lewis NSR”) in favour of Lewis (the “Lewis Option”). One percent of the Lewis NSR may be purchased by the Company for $1 million at any time. The Lewis Option Agreement will terminate if Sokoman fails to complete any of the following terms, and each cash payment and share issuance is to be made equally among Gary Lewis, Aubrey Budgell and Paul Delaney:

  • the payment of $10,000 cash;
  • the issuance of 50,000 shares of Sokoman upon TSX Venture Exchange (the “Exchange”) approval;
  • the payment of a further $10,000 and the issuance of a further 50,000 shares on or before the first anniversary of the Lewis Option Agreement;
  • the payment of a further $10,000 and the issuance of a further 50,000 shares on or before the second anniversary of the Lewis Option Agreement; and
  • the payment of a further $10,000 and issuance of a further 50,000 shares on or before the third anniversary of the Lewis Option Agreement.

Pursuant to a second option agreement (the “G2B Gold Option Agreement”), G2B Gold Inc. (“G2B Gold”) has granted Sokoman the option to acquire a 100% interest in a property consisting of three licenses comprised of four claims (the “G2B Property”) subject to a 1.5% net smelter return royalty (the “G2B NSR”) in favour of G2B Gold (the “G2B Gold Option”). One percent of the G2B NSR may be purchased by the Company for $1 million at any time. The G2B Option Agreement will terminate if Sokoman fails to complete any of the following terms, and each cash payment and share issuance is to be made equally among G2B Gold, United Gold Inc. and Grassroots Prospecting & Prospect Generation Inc.:

Seite 1 von 3
Sokoman Minerals Aktie jetzt über den Testsieger (Finanztest 11/2020) handeln, ab 0 € auf Smartbroker.de



Wertpapier



0 Kommentare

Schreibe Deinen Kommentar

Bitte melden Sie sich an, um zu kommentieren. Anmelden | Registrieren

 

Disclaimer

Sokoman Minerals and Benton Resources Option Two Properties Lying within the Grey River Gold Property, Newfoundland Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) today announced the execution of two (2) property option agreements on behalf of the strategic alliance between the Company and Benton Resources Inc. (“Benton”) (see news …

Community

Nachrichten des Autors

Titel
Titel
Titel
Titel

Nachrichten zu den Werten

DatumTitel
02.09.21Sokoman and Benton Confirm High-Grade Gold and Receipt of Drill Permits for Grey River, Southern Newfoundland
Business Wire (engl.) | Weitere Nachrichten
18.08.21Endlich:: Lebenszeichen von TRU Precious Metals
Michael Adams | Kommentare
18.08.21Sokoman Receives Final Water Permit for Barge-Based Drilling at Moosehead Gold Project, Newfoundland
Business Wire (engl.) | Weitere Nachrichten