B2Gold Namibia Exercises Call Option to Acquire Balance of Shares in Razorback
2022年1月26日 - 7:00AM
Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX:
FSY) (“
Forsys” or the
“
Company”) is pleased to announce that B2Gold
Mining Investments Limited and B2Gold Namibia (Proprietary) Limited
(together “B2Gold”) has exercised its call option to increase its
existing shareholding in Razorback Gold Mining Company (Pty)
Limited (“Razorback”) to 100% (the “call option”). Pending the
completion of the exercise, Forsys currently owns a 51% interest in
Razorback.
Razorback holds the Ondundu Exclusive
Prospecting Licence (“EPL 3195”) for base, rare and precious metal
exploration.
The consideration for exercise of the call
option is a net amount of US$7,716,118. being the option price of
US$8,500,000 less the fees paid by B2Gold for the extension of the
option period of US$250,000 and less the other payments made by
B2Gold to buy-out interests in EPL 3195 amounting to
US$533,882.
About Forsys Metals Corp.
Forsys Metals Corp. is a uranium focused
development company with 100% ownership of the Norasa project that
comprises the Valencia and Namibplaas uranium projects in Namibia,
Africa a politically stable and mining friendly jurisdiction.
Information regarding current National Instrument 43‐101 compliant
Resource and Reserves at Valencia and Namibplaas are available on
the Company website forsysmetals.com and under the Company’s
filings on SEDAR.
On behalf of the Board of Directors of Forsys
Metals Corp. Richard Parkhouse, Director, Investor Relations.
For additional information please contact:
Richard Parkhouse Director, Investor Relations email:
rparkhouse@forsysmetals.com email: info@forsysmetals.comPhone: +44
(0) 7730 493432
Forward-Looking Information
This news release contains projections and
forward‐looking information that involve various risks and
uncertainties regarding future events. Such forward‐looking
information includes statements based on current expectations
involving a number of risks and uncertainties and are not
guarantees of future performance of the Company. The following are
important factors that could cause Forsys actual results to differ
materially from those expressed or implied by such forward looking
statements: fluctuations in uranium prices and currency exchange
rates; uncertainties relating to interpretation of drill results
and the geology; continuity and grade of mineral deposits;
uncertainty of estimates of capital and operating costs; recovery
rates, production estimates and estimated economic return; general
market conditions; the uncertainty of future profitability; and the
uncertainty of access to additional capital. Full description of
these risks can be found in Forsys Annual Information Form
available on the Company’s profile on the SEDAR website at
www.sedar.com. These risks and uncertainties could cause actual
results and the Company’s plans and objectives to differ materially
from those expressed in the forward‐looking information. Actual
results and future events could differ materially from anticipated
in such information. These and all subsequent written and oral
forward‐looking information are based on estimates and opinions of
management on the dates they are made and expressed qualified in
their entirety by this notice. The Company assumes no obligation to
update forward‐looking information should circumstance or
management’s estimates or opinions change. The Toronto Stock
Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
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