RE:RE:RE:RE:RE:RE:Canada Nickel Confirms High Grade Nickel Near-Surface "The Company has entered into a binding agreement to acquire a 100% interest (subject to certain thirdparty rights described below) in 14 mining leases in exchange for a $250,000 cash payment and issuing a
non-interest bearing promissory note of $3.75 million due March 14, 2023. At closing, the seller will be
granted a 2% net smelter returns royalty, which can be bought down to 1% for $2.5 million at the
Company's option. The property has a legacy ownership interest of 15% and net profits interest of 10%.
The Company intends to determine whether these interests are still valid. The Company had previously
acquired 14 claims surrounding these mining leases in 2022 as part of its regional property consolidation."
One problem is this legacy interest which is significant. One would think they would have determined this before purchasing it, since the site was idle for a long time.