BULLETIN V2024-0577
KENORLAND MINERALS LTD. ("KLD")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: February 21, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an option agreement (the "Agreement") dated January 17, 2024, between Kenorland Minerals Ltd. (the "Company") and arm's length parties (the "Optionor"). Pursuant to the terms of the Agreement, the Company may acquire 100% interest in and to the minerals claims forming the Goldstorm project located in Ontario, Canada. By way of consideration, the Company will make total cash payments of $350,000 and will issue a total of $600,000 in shares (up to a maximum of 12,000,000 shares) to the Optionor. The Property is subject to a 1.5% NSR in favour of the Optionor, the Company has the option to buy 0.50% of the NSR royalty in consideration for $1,000,000.
For further details, please refer to the Company's news release dated January 18, 2024.
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