Chemesis enters into Property Option Agreement for Mineral Property and Announces Board Change
Retrieved on:
Tuesday, April 19, 2022
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Following the acquisition of the Property, the Company will grant the Vendor a net smelter returns royalty totaling three percent (3%) on commercial production from the Property.
Key Points:
- Following the acquisition of the Property, the Company will grant the Vendor a net smelter returns royalty totaling three percent (3%) on commercial production from the Property.
- This transactions set out in the Option Agreement will qualify as a Change of Business (COB) as defined by the Policy 8 of the Canadian Securities Exchange (the CSE), and are subject to review by the CSE.
- The Company further announces the resignation of Mr. Brian Thurston from its board of directors and the appointment of Mr. Mark Fields to its board of directors, each with immediate effect.
- Forward-looking statements in this news release include the statements that list out the terms of Option Agreement and related COB.