BULLETIN V2024-0211
AZARGA METALS CORP. ("AZR")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: January 18, 2024
TSX Venture Tier 2 Company
Further to the bulletin dated November 9, 2021, TSX Venture Exchange has accepted for filing documentation with respect to the amendment of the arm's length acquisition of the Marg Mineral Property located in Central Yukon by Azarga Metals Corp. from Sabre Gold Mines Corp. Pursuant to a Side Letter Agreement dated January 6, 2024, effective November 28, 2023, the terms of the acquisition have been converted to an option to purchase arrangement and Azarga must satisfy the following terms to be satisfied on or before December 1, 2025:
CASH ($) SECURITIES
Upon Exchange approval 2,866,666 Common Shares with trading restrictions for 18 months
On or before December 1, 2024 $33,500 in cash or shares (subject to a minimum $0.05 deemed price)
On December 1, 2025 if Azarga has not exercised the option to purchase on or before December 1, 2024
$33,500 in cash or shares (subject to a minimum $0.05 deemed price)
To exercise the option to purchase on or before December 1, 2025
$335,000
For further details, please refer to the Company's news releases dated January 8, 2024.
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