BULLETIN V2023-0213
KERMODE RESOURCES LTD. ("KLM")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 8, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the arm's length acquisition of 32 mineral claims covering approximately 660 hectares in the Province of British Columbia also known as the Vigh Graphite Project (the "Property") pursuant to mineral property option agreement dated December 7, 2023 between the Company and arm's length vendors. The aggregate consideration over a period of three (3) years is as follows:
CASH ($) SECURITIES WORK EXPENDITURES (S)
Consideration N/A 3,000,000 common shares
N/A
One of the arm's length vendors is granted a 5% NSR on the Property with the Company being granted a buyback of 3% of the NSR at any time for C$3.0 million.
A sales participation right (SPR) of 10% is payable to one of the vendors from the gross proceeds of any future transaction where the Company sells the property in the next 10 years.
For further details, please refer to the Company's news releases dated November 21, 2023 and December 7, 2023.
_______________________________________
|
|
