FIDELITY MINERALS CORP. ("FMN")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 22, 2023
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the arm's length acquisition of 75% of Greensands Australia Pty. Ltd. There is a production royalty associated with the acquisition, which is detailed in the Company's press release dated March 22, 2023.
CASH ($) SECURITIES WORK EXPENDITURES ($)
CONSIDERATION Up to $750,000 AUD (dependent on scoping study) Up to 6,000,000
Common Shares
$937,500 AUD over 2 years
Up to $750,000 AUD will be payable to the vendors, as a bonus, if the results of a scoping study show a pre-tax internal rate of return over 19%. Minimum 50% of this bonus will be in cash. Any issuances of shares, due to the bonus, will be at a deemed price of $0.06 per share.
For further details, please refer to the Company's news releases dated February 10, 2023, and March 22, 2023.
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