Post by
Stock20 on Apr 24, 2018 6:34pm
Did they pay 200K ? Wake up management.
KOOTENAY ZINC CORP.
Suite 800-1199 West Hastings Street Vancouver, B.C. V6E 3T5
November 8, 2017
KOOTENAY ZINC CORP. AMENDS OPTION AGREEMENT WITH GRAVITAS
AND ANNOUNCES DIRECTOR APPOINTMENT & RESIGNATIONS
Vancouver, Canada, November 8, 2017 – Kootenay Zinc Corp. (the “Company”) (CSE: ZNK;
OTCQB:KTNNF; FSE:KYH) announces that it has entered into an amendment agreement (the “Amended Agreement”) with Gravitas Metals Corp. (“Gravitas”) and the shareholders of Gravitas (the “Gravitas Vendors”) dated effective October 20, 2017 in respect of the option agreement (the “Agreement”) with Gravitas and the Gravitas Vendors dated effective September 30, 2016 (the terms of which are fully described in the Company’s news release dated September 30, 2016), pursuant to which the Company has the option (the “Option”) to acquire all of the issued and outstanding shares of Gravitas, a private corporation, incorporated under the laws of British Columbia, which, pursuant to an option agreement between Gravitas and the holders of the certain mining claims (the “Sully Vendors”) located in the Fort Steele Mining Division in the southeast portion of the Province of British Columbia (the “Sully Property”)
dated October 21, 2011, as amended (the “Underlying Sully Property Agreement”), holds an exclusive option (the “Sully Property Option”) and right to acquire an eighty percent (80%) interest in the Sully Property. Pursuant to the terms of the Amended Agreement, the Company and Gravitas amended the terms of the Agreement to align with an amendment of the terms of the Underlying Sully Property Agreement, such that, to maintain the Option in good standing the Company is required to: (i) issue to the Sully Vendors 80,000 common shares on or before October 21, 2017; and (ii) pay to the Sully Vendors $200,000 on or before April 21, 2018 (instead of on or before )
Comment by
Psych47 on Apr 25, 2018 8:41am
If they missed something this important, it's more than ample evidence they have been taking us for a ride.