Re-cap of the June 23, 2017 NR | DIAM.TO Message Board Posts

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Msg  45687 of 46187  at  6/19/2019 7:20:18 AM  by

smallblock


Re-cap of the June 23, 2017 NR

 

 In connection with the Option Agreement, RTEC has also agreed to subscribe for units of the Corporation for an aggregate subscription price of $1,000,000 at a price of $0.18 per unit, with each unit consisting of one common share in the capital of the Corporation and one common share purchase warrant, with each warrant entitling RTEC to acquire one additional common share at a price of $0.205 per share for a period of 24 months following the issuance of the units.

 

 The Newmont Acquisition was completed pursuant to a Participating Interest Purchase Agreement effective as of June 22, 2017 between Shore, its wholly owned subsidiary, Kensington Resources Ltd., and Newmont Canada whereby Newmont Canada sold its entire interest in the FalC JV to Shore in consideration for approximately 53.8 million common shares of Shore and 1.1 million common share purchase warrants, with each warrant entitling Newmont Canada to acquire one additional common share at a price of $0.349 per share for a period of 45 months from the date of issuance.



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Msg # Subject Author Recs Date Posted
45688 Re: Re-cap of the June 23, 2017 NR smallblock 0 6/19/2019 7:29:09 AM


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