NEX COMPANIES
ALBA MINERALS INC. ("AA")
[formerly Alba Minerals Inc. ("AA.H")]
BULLETIN TYPE: Graduation from NEX to TSX Venture, Symbol Change, Property-Asset or Share Purchase Agreement
BULLETIN DATE: March 22, 2017
NEX Company
Alba Minerals Inc. (the "Company") has met the requirements to be listed as a TSX Venture Tier 2 Company. Therefore, effective at the opening, Thursday, March 23, 2017, the Company's listing will transfer from NEX to TSX Venture, the Company's Tier classification will change from NEX to Tier 2 and the Filing and Service Office will change from NEX to Vancouver.
Effective at the opening, Thursday, March 23, 2017, the trading symbol for the Company will change from AA.H to AA.
Capitalization: Unlimited shares with no par value of which
25,652,091 shares are issued and outstanding
Escrow: Nil
Acquisition of up to a 50% interest in the Clayton Valley North Project:
Pursuant to a letter of intent (the "Agreement") between the Company and Noram Ventures Inc. ("Noram") dated November 30, 2016, Alba has been granted an option (the "Option") to earn up to a 50% interest in the Clayton Valley mineral claims located in Nevada. Under the Agreement, the Company will make the following payments:
(a) $127,500 on or before December 5th, 2016 (paid);
(b) $127,500 on completion of the drilling program on the Clayton Valley mineral claims (paid);
[the payments required by (a) and (b) above having been paid, the Company has earned a 25% interest in the Clayton Valley mineral claims]
(c) $200,000 due on or before March 30th 2017 to earn an additional 5% (30% cumulative);
(d) $200,000 due on or before May 30th 2017 to earn an additional 5% (cumulative 35%);
(e) $289,500 due on August 25th 2017 to earn an additional 10% (cumulative 45%); and
(f) $155,500 due on or before November 30th 2017 to earn an additional 5% (cumulative 50%).
For further information see the Company's news releases dated December 5, 2016, December 7, 2016, December 8, 2016, January 31, 2017 and which are available under the Company's profile on SEDAR.
Insider / Pro Group Participation: Arthur Brown is a director of both the Company and Noram.
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