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ALX Resources Corp V.AL.P


Primary Symbol: V.AL Alternate Symbol(s):  ALXEF

ALX Resources Corp. is a diversified mineral exploration company engaged in exploring a portfolio of mineral properties in Canada, which include uranium, lithium, nickel-copper-cobalt and gold projects. Its uranium holdings in northern Saskatchewan include 100% interests in the Gibbons Creek Uranium Project, the Sabre Uranium Project, the Bradley Uranium Project, and the Javelin and McKenzie Lake Uranium Projects, a 40% interest in the Black Lake Uranium Project, and others. It also owns 100% interests in the Firebird Nickel Project, the Flying Vee Nickel/Gold and Sceptre Gold projects, Blackbird Project, and can earn up to an 80% interest in the Alligator Lake Gold Project, all located in northern Saskatchewan, Canada. It owns a 50% interest in eight lithium exploration properties, collectively known as the Hydra Lithium Project, located in the James Bay region of northern Quebec, Canada, a 100% interest in the Anchor Lithium Project in Nova Scotia, Canada, and others.


TSXV:AL - Post by User

Post by Rakotomoon Jul 21, 2021 7:32pm
83 Views
Post# 33585574

Payment of $1,250,000 ...

Payment of $1,250,000 ...Juat curious to know if this has been approved ... 'TheNewswire - April 23, 2020 - Leocor Ventures Inc. (the "Company" or "Leocor") (CSE:LECR) (CNSX:LECR.CN) is pleased to announce that, further to its news release dated March 30, 2020, it has entered into an option agreement (the Option Agreement) dated April 22, 2020 with Nexus Gold Corp. ("Nexus") (TSXV:NXS), pursuant to which Leocor has the option to acquire a 100% interest in Nexus Dorset Gold Project located in Newfoundland and Labrador (the Dorset Project). The Option Agreement replaces the letter of intent between the Company and Nexus, and is subject to approval of the TSX Venture Exchange (the TSXV). In order to exercise the option, Leocor must: (1) make cash payments to Nexus of CDN$1,250,000 over four years, with the first CDN$100,000 due on the date the TSXV approves the Option Agreement; and (2) incur work expenditures of CDN$1,500,000 over five years.' Good luck to all!
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