Nine Mile Continues Wedge Project Option with First Anniversary Payments
VANCOUVER, British Columbia, Feb. 09, 2024 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces that it has made payments under its option to Purchase 100% of Wedge Project, dated February 9, 2023, (the “Option”) with Slam Exploration Ltd. (“Slam”).
- VANCOUVER, British Columbia, Feb. 09, 2024 (GLOBE NEWSWIRE) -- NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces that it has made payments under its option to Purchase 100% of Wedge Project, dated February 9, 2023, (the “Option”) with Slam Exploration Ltd. (“Slam”).
- The Option and payments were previously announced on February 16, 2023.
- The Company has issued 200,000 common shares at a deemed price of $0.08 per share, in accordance with the Option.
- Slam and the Company have agreed to convert the $20,000 cash payment owing under the Option to units as part of the Company’s recently announced private placement.