VATIC VENTURES CORP. ("VCV")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: May 10, 2023
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange ("Exchange") bulletin dated April 20, 2022, the Exchange has accepted for filing documentation the Amending Agreement dated September 30, 2022 ("Amending Agreement"), between the Company and arm's length parties ("Optionor") with regards to the option agreement to acquire the Hansen Prospect located in Northern Quebec.
Pursuant to the Amending Agreement, the Company and the Optionor have agreed to amend certain considerations payable as part of the earn-in schedule as follows:
? $10,000 cash payable by October 1, 2022;
? $15,000 cash and 250,000 Shares payable by December 31, 2022;
? $25,000 cash and 250,000 Shares payable by October 1, 2023;
? $20,000 cash payable by October 1, 2024;
? $200,000 in Expenditures on or before October 31, 2024.
Insider / Pro Group Participation: None
Finders' Fees: None
This acquisition is considered an Arm's Length transaction.
For further information, please refer to the Company's news releases dated April 20, 2022, April 25, 2023, and May 9, 2023.
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