Kermode signs LOI for Bamfield project option Kermode signs LOI for Bamfield project option
2023-12-20 12:18 ET - News Release
Mr. Peter Bell reports
KERMODE SIGNS LOI FOR BAMFIELD COPPER PROJECT
Kermode Resources Ltd. has signed a non-binding letter of intent (LOI) for a property purchase option agreement for the Bamfield copper project in British Columbia.
The asset to be acquired comprises an early-stage exploration project with one mineral claim covering approximately 660 hectares in British Columbia under the following claims No.: 1109617.
The parties to the transaction are Justin Deveault, Justin McNutt and Michael Deveault. The vendors are arm's-length to Kermode. There are no finder's fee to be paid.
The proposed consideration and method of payment are as shown in the table entitled "Terms of the purchase option."
Other terms and conditions:
- A net smelter return (NSR) royalty of 3 per cent that can be eliminated for $3-million.
About Kermode Resources Ltd.
Kermode is a junior mining company hunting for exploration opportunities around the world.
We seek Safe Harbor.
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