Conquest to Acquire DGC Property in Afton Township
Toronto, Ontario--(Newsfile Corp. - March 16, 2021) - Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") announced today that it has entered into a Purchase and Sale Agreement with Teck Resources Limited ("Teck") whereby Conquest will acquire a 100% interest in the DGC Ni-Cu-PGE property located in Afton Township, Ontario.
- Toronto, Ontario--(Newsfile Corp. - March 16, 2021) - Conquest Resources Limited (TSXV: CQR) ("Conquest" or the "Company") announced today that it has entered into a Purchase and Sale Agreement with Teck Resources Limited ("Teck") whereby Conquest will acquire a 100% interest in the DGC Ni-Cu-PGE property located in Afton Township, Ontario.
- Conquest has agreed to issue 1,800,000 million shares to Teck in consideration for a 100% interest in the DGC property subject to a 2% NSR which to be retained by Teck.
- The DGC property is located in the central portion of Conquest's TeckMag1 claim group and covers the central portion of the Temagami Magnetic Anomaly.
- Property Acquisition - Clement Township, Ontario
In another separate transaction, Conquest has signed a purchase agreement to acquire the JPC Property in Clement Township, Ontario from a private individual.