Altair Resources Inc. (TSXV:AVX) signed a binding letter of intent to acquire Grund Mine Project in Harz, Germany for €0.54 million on December 23, 2017. As part of the consideration, Altair will issue to the shareholders an aggregate of 9.64 million common shares. Grund Mine Project in Harz, Germany shareholders will be entitled to nominate one person to the Board of Directors of Altair. The closing of the acquisition is subject to conditions including the completion of satisfactory due diligence; approval of the Altair shareholders to the acquisition; the delivery of a title and corporate opinion; the completion of a technical report on the Grund Mine Project; execution of a definitive agreement and acceptance of the TSX Venture Exchange.