Trading in the shares of the company has been halted, pending receipt and review of acceptable documentation regarding the fundamental acquisition, pursuant to Section 5.6(d) of exchange Policy 5.3.
The Company has submitted the required documentation to the
National Instrument 43-101 Technical Report on the on the
Legal Title Opinion on the 'La Verde' mining concession titles, dated
Minutes of the PMR Annual General Meeting held on
Required Personal Information Form/Declaration for the principal of the Vendor
The Company has also formed a new Mexican subsidiary,
Transaction Details to exercise the Option to Purchase
PMR is required to make a
PMR will issue to the Optionor 25 million common shares at a deemed price of
PMR will issue to the Optionor a further
PMR will issue to the Optionor a further
Upon exercise of the Option the Optionor will retain the following net smelter return royaly ('NSR') on the Project: (i) a 2% NSR on all production from the skarn mineralization and (ii) a 2% NSR on all production from the porphyry mineralization subject to the right of PMR to purchase 1% for
The common shares issued to the Optionor under the Option will be subject to a three year time-release hold period which will begin on the date that PMR receives Exchange Approval.
Contact:
Email: ir@primemeridianresources.com
(C) 2022 Electronic News Publishing, source