At .02 we are earning a 75% ownership of a operating mine!! On December 3, 2021, the Company announced a $500,000 private placement (the “Offering”) and the signing of an Earn-in Agreement (the “Agreement”) with Techshed Investments (Private) Ltd., which owns and operates a producing gold mine in Zimbabwe. The TSX-V deemed the Agreement to be a Fundamental Acquisition and the Company was therefore required to halt its shares for trading pending a review and approval of the Offering and the Agreement by the TSX-V. The Agreement, which is an arm’s length transaction, is subject to financing and allows the Company to earn up to 75 percent of the increased future production of the mine by investing USD$7.5 million in capital expansion and development (including exploration) over the next five years. The minimum expenditure commitment is USD$1 million over the next two years, including a minimum of USD$200,000 on exploration, which will provide Pennine with a 51 per cent share of increased gold production. On April 28, 2022, the TSX- V approved both the Offering and the Agreement.