TSXV:KLM - Post Discussion
Post by
mrsgoldminer on Nov 10, 2022 1:20pm
Kermode enters LOI to acquire Mount Polley East
Kermode enters LOI to acquire Mount Polley East
2022-11-10 12:51 ET - News Release
Mr. Peter Bell reports
LETTER OF INTENT FOR "MOUNT POLLEY EAST" PROPERTY OPTION
Kermode Resources Ltd. has entered into a non-binding letter of intent to acquire the Mount Polley East project. The project comprises mineral tenure No. 1098327 owned by Richard Young. The claims cover 432 hectares approximately eight kilometres from the Mount Polley mine in British Columbia.
The LOI provides for a due diligence period extending to Feb. 1, 2023. During this period, Kermode can conduct any work on the project prior to entering a definitive agreement for a property purchase option.
Other terms and conditions:
- 4-per-cent net smelter return royalty, where 3 per cent can be bought down for $3-million entirely or in part.
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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