MAZORRO RESOURCES INC. ("MZO")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: December 5, 2013
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation of an Acquisition Agreement dated November 26, 2013 to acquire a 100% interest in 81 mining claims located in the area of Monster Lake, in the province of Quebec.
In consideration, the Company will pay an aggregate of $50,000, of which $25,000 is payable imminently and the balance upon the delivery of a NI 43-101 Technical Report regarding the claims. The issuer will issue an aggregate of 4,000,000 common shares to the Vendors, 1,500,000 of which to be issued imminently, a further 1,500,000 upon the delivery of the above-noted NI 43-101 report, and the final 1,000,000 at a date that is 12 months for the date of signing. In addition, the Company will issue 1,000,000 warrants to purchase 1,000,000 common shares at a deemed price of $0.10 per share over a period of 2 years from the closing.
A 2% net smelter royalty ("NSR") will be retained by the Vendors, of which one-half (1%) may be repurchased by the Company for a sum of $250,000.
For further information, please refer to the Company's press release dated November 27, 2013.
MAZORRO RESOURCES INC. (" MZO ")
TYPE DE BULLETIN : Convention d'achat de propriete, d'actif ou d'actions
DATE DU BULLETIN : Le 5 decembre 2013
Societe du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepte le depot de documents d'une entente datee du 26 novembre 2013 visant l'acquisition d'un interet de 100 % dans 81 claims miniers situes dans la region de " Monster Lake " dans la province de Quebec.
En contrepartie, la societe paiera 50 000 $ en especes, dont 25 000 $ sera payable prochainement et le solde suite a la livraison d'un rapport technique concernant les claims (tel que prepare en vertu du reglement " 43-101 "). De plus, la societe emettra un total de 4 000 000 d'actions ordinaires aux vendeurs, dont 1 500 000 seront emises prochainement, 1 500 000 actions additionnelles seront emises lors de la livraison du rapport " 43-101 " (tel que precite), et le solde sera emis au premier anniversaire de la signature de l'entente. De plus, la societe emettra 1 000 000 de bons de souscription permettant d'acquerir 1 000 000 d'actions ordinaires au prix de 0,10 $ l'action pendant une periode de deux ans suivant de la cloture.
Les vendeurs conserveront une royaute " NSR " de 2 % dont la moitie (1 %) est rachetable par la societe pour une somme de 250 000 $.
Pour plus d'information, veuillez vous referer au communique de presse emis par la societe le 27 novembre 2013.
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