TSXV:KLM - Post Discussion
Post by
Newton1234 on Aug 10, 2022 11:54am
Note on 3 LOI with 911 MINING signed in August
$KLM news out. Three things to notice. #NewtonDeals
1. The other 2 LOI that I signed recently have been changed by removing the cash. "COPPER KING" and "STAR OF THE WEST" each cash payment of $50,000 shall be removed. The revised terms for each deal shall only include a 5% NSR royalty with a $1M buy-down for each 1% and a 50% future sales interest whereby the vendor group receives half the gross proceeds for any property transaction in the next 5 years.
2. Say hello to BLACK BEAR! This one is an all-cash deal. $1K per month in first year, $2K in second, and $3K in third. No shares payable. No project level interest with no royalty or future sales interest.
3. All three of these LOI are designed to be "exempt" as per TSXV, which means the exchange does not provide any comment because there are no shares issuable and other important details.
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