VANCOUVER, BC / ACCESSWIRE / May 31, 2021 / Sassy Resources Corporation ("Sassy" or the "Company") (CSE:SASY)(OTCQB:SSYRF)(FSE:4E7)is pleased to announce that it has completed the definitive agreement (the "Agreement") to option its Nicobat Property in Northwest Ontario to privately held MAX Power Mining Corporation (MAX Power). The deal makes Sassy the largest shareholder in this new battery metals-focused company which has completed an initial financing and has prepared listing submissions for a Canadian exchange.
Under the Agreement, MAX Power can earn a 100% interest in Nicobat by incurring $1 million in exploration expenditures on the property over a 4-year period while also issuing five (5) million shares in the company to Sassy upon obtaining a listing on a Canadian exchange with the Nicobat as a qualifying property. Those shares will be released to Sassy in stages over a three-year period while Sassy will also be granted one million warrants, exercisable at 25 cents, to purchase an additional one million shares in MAX Power within 36 months. Sassy will retain a 1% NSR on the property which may be purchased by MAX Power at any time for $1,000,000. In addition, Sassy will have the right to appoint one director to the MAX Power board after the date of listing.
Mr. Mark Scott, Sassy President and CEO, commented: "The MAX Power team will have a very exciting value proposition for investors. With Nicobat in the very capable hands of MAX Power, Sassy is sharply focused on the Eskay Camp and Newfoundland where exploration programs have commenced."
Newfoundland.Gold Virtual Investor Days - June 1-3
Sassy reminds investors that Newfoundland.Gold will host its launch event, Virtual Investor Days, from Tuesday, June 1, through Thursday, June 3. This informative on-line conference will include corporate presentations from member companies, moderated by industry thought leaders, and will feature keynote speakers daily. Sassy President and CEO Mr. Mark Scott will be part of a panel discussion starting at 10:00 am PST (1:00 pm EST) Thursday, June 3, while Sassy Technical Adviser Mr. Shawn Ryan will be presenting Wednesday, June 2, starting at 11:00 am PST (2:00 pm EST) on "Newfoundland: The Land of Golden Opportunities."
For more information on Virtual Investor Days and to register please visit Newfoundland.Gold and click on
"Events".
Newfoundland.Gold is focused on creating innovative capital attraction initiatives to promote Newfoundland and the member companies and this inaugural event is simply the beginning. Newfoundland.Gold will continue to develop its online presence to build awareness of the opportunities in Newfoundland with plans for site visits, road shows and conference attendance once COVID-19 travel restrictions are lifted.
About Sassy Resources Corporation
Sassy Resources is an exploration stage resource company currently engaged in the identification, acquisition and exploration of high-grade precious metal and base metal projects in North America. Its current focus is the Foremore Gold-Silver Project located in the Eskay Camp, Liard Mining Division, in the heart of Northwest B.C.'s prolific Golden Triangle.
Note that you can also download the new release from Sassy's landing page and upload it to your phone or tablet. Here's the link: https://bit.ly/3c3Nyek