Bullboard - Stock Discussion Forum Kermode Resources Ltd V.KLM

Alternate Symbol(s): KMDRF

Metals & Mining Industrial Metals & Minerals

Kermode Resources Ltd. is a Canada-based junior mining company. The Company’s main business is the acquisition, exploration and development of natural resource properties. Its exploration properties include Lucky Strike, Star of the West, Caycuse Copper, Loup Creek, and Santana Mines (LOI). The Lucky Strike property is located in Nitinat, British Columbia and covers an area of approximately... see more

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TSXV:KLM - Post Discussion

Kermode Resources Ltd > Kermode Resources amends Silverbell Trio option deal

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Post by mrsgoldminer on Aug 27, 2024 12:49pm

Kermode Resources amends Silverbell Trio option deal

2024-08-27 12:21 ET - News Release

Mr. Peter Bell reports

KERMODE CHANGES TERMS OF THE TRIO PROJECT ON VANCOUVER ISLAND

Kermode Resources Ltd. has changed the terms of the property purchase option for the Silverbell Trio project on Vancouver Island as an exempt transaction within TSX Venture Exchange policy. The option was previously announced on July 24, 2023.

Trio now covers 763 hectares with the following claims: 1064070, 1114995, 1111505, 1115213, 1115214, 1115210, 1115321, 11152329, 11152330 and 1115245.

The new option terms are set as follows:

Cash payment of $150,000 at any time in the next 10 years payable equally to Justin Deveault, Michael Deveault and Justin McNutt;
Sale participation right of 30 per cent for 10 years payable equally to Mr. Deveault, Mr. Deveault and Mr. McNutt;
Royalty of 2 per cent with $2-million buy-down option to eliminate the royalty payable to 911 Exploration Corp.

About Kermode Resources Ltd.

Kermode is a junior mining company hunting for exploration opportunities around the world.

We seek Safe Harbor.