( I will spare the comments for now)...
Here's the recent 6/30 PR:
Kermode Resources to acquire Grey copper project
2022-06-30 16:16 ET - News Release
Mr. Peter Bell reports
LETTER OF INTENT FOR "GREY COPPER" PROJECT BY FORTUNE HARBOUR, NEWFOUNDLAND
Kermode Resources Ltd. has entered into a non-binding letter of intent to acquire the Grey copper project. The Project comprises mineral tenure number 034777M owned by the WBN Prospecting Group ("Group"). The claims cover 125 hectares adjacent to Route 352 by Fortune Harbour, Newfoundland.
The LOI provides for a due diligence period extending to November 1, 2022. During this period, Kermode can conduct any work on the Project prior to entering a definitive agreement for a property purchase option as below.
TERMS OF THE PURCHASE OPTION:
Cash Securities Exploration Commitments Exchange Approval $0 4,000,000 shares $0 Year 1 $0 3,000,000 shares $0 Year 2 $0 3,000,000 shares $0
OTHER TERMS & CONDITIONS:
1% "Net Smelter Return Royalty" payable to the Group, where one percent can be bought-down for $1,000,000. There shall be no "Area of Influence" to the Group for other claims.