Sulliden Mining Capital Assigns Damara Project Agreement
2023年12月22日 - 10:26PM
Sulliden Mining Capital Inc.
(“
Sulliden” or the “
Company”)
(TSX: SMC) announces today that it has entered into an assignment
and assumption agreement with Great Quest Fertilizer Limited (TSXV:
GQ) (“
Great Quest”), pursuant to which it has
agreed to assign (the “
Assignment”) its rights and
obligations set out in a share purchase and subscription agreement
dated July 9, 2023, as amended (the “
Agreement”).
Under the Agreement, Sulliden has the right to acquire up to a 70%
equity interest in a private Namibian company, which holds, either
directly or through option agreements, 14 exclusive prospecting
licenses representing 307,778 hectares of exploration licenses in
Namibia (collectively, the “
Damara Project”). For
more information about the Agreement and Damara Project, please see
the Company’s press release dated July 10, 2023, which is available
under Sulliden’s SEDAR profile at www.sedarplus.ca.
As consideration for the Assignment, Great Quest
has agreed to (i) pay US$100,000 in cash, with US$50,000 payable
within 90 and 180 days of the assignment, (ii) reimburse Sulliden
for fees and expenses incurred related to the Agreement of
approximately US$80,000, and (iii) issue 5 million common shares of
Great Quest. The Assignment remains subject to customary closing
conditions, including the approval of the TSX Venture Exchange, and
is expected to close in early 2024.
Mr. Rennie Morkel, Sulliden’s chief executive officer,
commented:
“We are delighted to have entered into this agreement with Great
Quest, which we expect will allow us to focus on developing our
core uranium assets. We believe that Sulliden’s business is now
strategically aligned to support the global energy transition
market and to benefit long-term by being an integral part of the
net zero supply solution.”
About Sulliden
Sulliden is a mining company focused on
acquiring and advancing brownfield, development-stage and early
production-stage mining projects in the Americas, Australia, and
Africa.
Sulliden Mining Capital Inc.
On behalf of the Board“Rennie Morkel”Chief Executive Officer
For more information:Ryan PtolemyChief Financial
Officerryanp@fmfinancialgroup.com+1 (416) 861-2267
Cautionary statements
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation. Forward-looking information includes, without
limitation, statements regarding the Assignment, including the
anticipated benefits, conditions to closing, and the timing to
complete, and the Company’s ability to support the global energy
transition to net zero. Forward-looking information is subject to
known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those
expressed or implied by such forward-looking information, including
receipt of necessary approvals; general business, economic,
competitive, political and social uncertainties; future mineral
prices and market demand; accidents, labour disputes and shortages;
risks inherent in the mining industry; and the other risks
described in the public disclosure of the Company which is
available under the profile of the Company on SEDAR at
www.sedarplus.ca. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially from those contained in forward-looking information,
there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking information. The Company does not
undertake to update any forward-looking information, except in
accordance with applicable securities laws.
THE TSX HAS NOT REVIEWED AND DOES NOT
ACCEPT RESPONSIBILITY FOR THE ACCURACY OF THIS NEWS
RELEASE.
Sulliden Mining Capital (TSX:SMC)
過去 株価チャート
から 11 2024 まで 12 2024
Sulliden Mining Capital (TSX:SMC)
過去 株価チャート
から 12 2023 まで 12 2024