https://www.stockwatch.com/News/Item/Z-C!KLM-3280952/C/KLM
Kermode options “LUCKY STRIKE” project on Vancouver Island, British Columbia Victoria, British Columbia - (July 20, 2022) - Kermode Resources Ltd. (TSXV: KLM) (“KLM” or “Company”) announces approval by the TSXV exchange for the Mineral Property Option Agreement to acquire the LUCKY STRIKE project (the “Project”). The vendor group for the Project comprises three private Canadian individuals, one of whom is 911 MINING CO. All shares issued are subject to resale restrictions under applicable securities legislation and the rules of the TSXV. No finder's fees were paid in connection with this transaction.
TERMS OF THE PURCHASE OPTION: | | Cash | Securities | Exploration Commitments |
| Exchange Approval | $0 | 9,000,000 shares | $0 |
| Year 1 | $0 | 9,000,000 shares | $0 |
| Year 2 | $0 | 9,000,000 shares | $0 |
The Project land position covers 2,739 hectares. There are no work commitments for the Company. There shall be a 2% “Net Smelter Return Royalty” payable to the vendor group, where each one percent can be bought-down for $1,000,000.
About Kermode Kermode is a junior mining company hunting for exploration opportunities around the world.
On Behalf of the Board of Directors,
KERMODE RESOURCES LTD
"Peter Bell"
President/CEO
Tel: 1-250-588-6939
Email:
peterbellmining@gmail.com Website:
https://linktr.ee/kermoderesources Neither the TSX Venture Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This news release contains statements that constitute "forward-looking statements" within the meaning of applicable Canadian and United States securities legislation (collectively herein referred to as "forward-looking information"). Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause Kermode actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.
Although Kermode believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.