BULLETIN V2024-0341
MADORO METALS CORP. ("MDM")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: January 31, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing an amendment to the agreement dated January 18, 2024, to the Original Purchase Agreement dated January 31, 2023, between Madoro Metals Corp. (the Company), and Arms' length parties (collectively the "Vendors"), whereby the Company may acquire a 100% interest in 213 claims known as the First Green lithium project located in Val d'Or, Quebec.
Under the Amendment Agreement, the Vendors shall grant the Company an extension on the due date on $150,000 of the exploration expenditures due on the Property by January 31, 2024, by extending the due date on $75,000 to January 31, 2025, and $75,000 to January 31, 2026. In addition, the Vendors shall extend the due date on $18,000 of the second cash payment from January 31, 2024, to July 31, 2024.
In consideration of the Vendors agreeing to amend the Agreement, the Issuer shall issue the Vendors an additional 600,000 common shares.
For further details, please refer to the company's news release dated January 23, 2024.
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