Post by
StrikeGold on Feb 15, 2023 11:51am
May need to make it 35% for another $3.5 million?
....Since the company wasn't able to raise enough funding in the last placement. Either that or go into conservation mode until the price of gold goes over $2000. I figure that a possible 1 for 10 share consolidation is on the minds of sellers? It's a shame that this stock has been hammered despite a strategically sound strategy of property acquistions and good drill results.
AGREEMENT WITH EROS RESOURCES CORP. On December 21, 2021, the Company signed an agreement granting Eros Resources Corp. the exclusive right to earn a 17.5% interest in all of the Company’s current properties (excluding Preview SW) by funding $3,500,000 in exploration expenditures over a six-month period. As at September 30, 2022, $3,500,000 of funding has been received. This transaction is subject to Exchange approval.