ZONTE METALS INC. ("ZON") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: January 25, 2018 TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the documentation relating to an option agreement dated November 14, 2017, in connection with the acquisition of 327 claims in the Cross Hills Iron Oxide Copper Gold Project property located on the island portion of Newfoundland and Labrador. The consideration payable by the Company consists of the issuance of a total 1,500,000 common shares over a period of 3 years, cash payments of a total of $55,000 over a period of 3 years, and 3 % net smelter return (NSR) to the Vendor.
For further information, please refer to the Company's press release dated November 15, 2017.
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