Oh My . What A Gem News Oil Play To Gold Mine Sweeeeet
Pennine Petroleum, Techshed property agreement
2022-04-29 19:25 ET - Property Agreement
The TSX Venture Exchange has accepted for filing documentation an earn-in agreement dated Nov. 26, 2021, between the company and Techshed Investments (Pte.) Ltd. Pursuant to the terms of the agreement, the company will purchase the option to obtain up to a 75-per-cent interest in the future gold production of a gold mine, located in Zimbabwe, on or before the fifth anniversary of the date of the agreement by providing the vendor with an aggregate of $7.5-million (U.S.) in cash payments.
Insider/pro group participation: none
For further information, please refer to the company's news releases dated Dec. 3, 2022, and April 28, 2022.
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