TRU Precious Metals Corp TRUIF

Primary Symbol: V.TRU

Metals & Mining Gold Real Estate - General

TRU Precious Metals Corp. is a Canada-based company, which is engaged in natural resource property development and transactions. The Company is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt on its 100%-owned Golden Rose Project. Golden Rose is a regional-scale 264.25 square kilometers (km2) land package, including 45 kilometers (km) of strike length along the deposit-bearing Cape Ray-Valentine Lake Shear Zone, between Marathon Gold’s Valentine Gold Project and Matador Mining’s Cape Ray Gold Project. In addition, the Company has an option to acquire up to an aggregate 65% ownership interest in two claim packages covering 33.25 km2, including a 12 km strike length along the Shear Zone within Golden Rose.

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TRU Precious Metals Corp

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Post by Farmer9on Apr 23, 2022 9:09pm

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Post# 34626770

NOTE RECEIVABLE

On March 20, 2020, the Company loaned $1,250,000 (the “Loan”) to Revive Organics Inc. (”Revive”), an unrelated private company. The Loan had a maturity date of March 20, 2021 and bore interest at a rate of 10% per annum, payable monthly.

The only reason Revive was an unrelated private company at the time, was becasue Yousouf Soliman resigned from being a Director of TRU on March 10, 2020. Yousouf was a director of Revive Organics Inc.

In the end, TRU received $1,271,000. Far from the original 10% agreend upon.