TSXV:ANTL - Post Discussion
Post by
Betteryear2 on May 23, 2024 2:53pm
Antler Gold Announces Option Agreement
Halifax, Nova Scotia--(Newsfile Corp. - May 23, 2024) - Antler Gold Inc. (TSXV: ANTL) ("Antler" or the "Company") is pleased to announce that its subsidiary, Antler Gold Namibia (Pty) Ltd ("Antler Nam"), has signed a binding Letter Of Intent ("LOI") with Fortress Asset Management LLC ("Fortress" or the "Optionee"), an arms-length private company. Pursuant to the Agreement, the Optionee will be granted the right to acquire up to 100% interest in the Company's Erongo Central Gold Project (the "Project") over a three-year period for total consideration of US$ 5.5 million and incurring US$ 6.0 million of exploration expenditures and issuing Antler a 2% net smelter return ("NSR") across the entire Project. Antler Gold Announces Option Agreement for the Erongo Gold Project in Namibia (newsfilecorp.com)
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