BULLETIN V2024-0828
PROSPECTOR METALS CORP. ("PPP")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 19, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the arm's length acquisition of the Mike Lake property (the "Property"), which consists of 256 mineral claims covering an area of approximately 4,757 hectares located in the Yukon Territory, pursuant to a property purchase agreement dated December 29, 2023 between the Company and an arm's length vendor (the "Purchase Agreement"). The Company has made the following consideration to the arm's length vendor:
CONSIDERATION CASH ($) SECURITIES WORK EXPENDITURES (S)
On closing NIL 9,222,164 Common Shares at a deemed price of $0.18 per common share NIL
Under the terms of the Purchase Agreement, the Company may make an additional one-time payment of up to $2,000,000 (the "Milestone Payment"), which remains subject to prior Exchange approval, in cash or common shares of the Company to the arm's length vendor upon a public announcement of an initial mineral resource on the Property.
For further details, please refer to the Company's news releases dated January 3, 2024, February 2, 2024 and March 5, 2024.
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