Bullboard - Stock Discussion Forum North Peak Resources Ltd V.NPR

Alternate Symbol(s): BTLLF

Metals & Mining Industrial Metals & Minerals

North Peak Resources Ltd. is a Canada-based gold exploration and development company. The Company’s flagship project is the Prospect Mountain Mine Complex, which lies in the Battle Mountain Eureka trend, in an area known as the Southern Eureka Gold Belt. Its Kenogami Lake Project is located in north central Eby Township and in the southern part of adjacent Grenfell Township, approximately 15 km... see more

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North Peak Resources Ltd > North Peak Signs Definitive Agreement

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Post by Betteryear2 on May 04, 2023 11:13am

North Peak Signs Definitive Agreement

CALGARY, AB, May 4, 2023 /CNW/ - North Peak Resources Ltd. (TSXV: NPR) (the "Company" or "North Peak") announces it has executed a binding, definitive agreement (the "Agreement") dated effective May 2, 2023 with Solarljos LLC ("Solarljos") and Gullsil LLC of Nevada and their respective members, for the acquisition of the Prospect Mountain Mine complex (the "Property") located in the Eureka district of Nevada (the "Transaction"). The Property is located in Nevada's Battle Mountain Eureka trend, in an area known as the Southern Eureka Gold Belt and within the Ruby Hill lead gold and silver district. The Transaction involves the issuance of up to 8 million common shares of the Company in two phases – an initial tranche of 5 million common shares that acquires an 80% interest in the Property, and at the Company's discretion, an additional 3 million common shares to acquire the remaining 20% interest. The Transaction is arm's length, and its terms and conditions are summarized below.

North Peak Signs Definitive Agreement to Acquire Prospect Mountain Mine Complex in Silver-Gold-Lead District of Eureka, Nevada (newswire.ca)