news Sun Metals amends agreement for Stardust
2018-12-18 07:57 ET - News Release
Mr. Steve Robertson reports
SUN METALS ANNOUNCES AMENDMENT TO STARDUST PROJECT OPTION AGREEMENT
Sun Metals Corp. has entered into an amendment to the Stardust project option agreement between Sun Metals and Lorraine Copper Corp.
Under the amended option agreement, Sun Metals' option to acquire a 100-per-cent interest in the Stardust project is exercisable by issuing 500,000 common shares and making payment of $75,000 to Lorraine Copper by Dec. 31, 2018, issuing 31,529,315 common shares within five business days of March 31, 2019, and assuming all obligations under Lorraine Copper's $50,000 reclamation bond currently posted with the Province of British Columbia.
Technical aspects of this news release have been reviewed and approved by Ian Neill, PGeo, vice-president of exploration of Sun Metals, who is a qualified person as defined by National Instrument 43-101.