Posted in | News | Mining Business

Apogee Minerals Secures Extension on Option Agreement for Pine Channel Property

Editorial Checklist Reviewed
Jul 17 2023

Related Stories

Apogee Minerals Ltd. (“Apogee” or the “Company” or the “Optionee”) has amended the option agreement (the “Agreement”) with Eagle Plains Resources Ltd. (the “Optionor”) for the Pine Channel Property (or the “Property”).

Under the amended terms of the Agreement, Apogee has been granted an extension on the due date of the $50,000 cash payment and the exploration expenditures on the Property of $500,000 from June 30, 2023, to June 30, 2024. The remaining exploration expenditure amounts over the course of the option will remain the same.

In consideration of the amendment, Apogee shall issue the Optionor 150,000 common shares within three (3) business days of receipt of TSX Venture Exchange approval of this amendment. All the other terms and conditions of the Agreement remain unchanged. The shares issued shall be subject to a statutory hold period of four months and one day from issuance.

Source:

https://www.apogeemineralsltd.com/

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
(Logout)
Your comment type
Submit

Newsletters you may be interested in

See all Newsletters »

Terms

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.

Provide Feedback