Kobrea Completes First Payment Under Option Agreement
Kobrea Completes First Payment Under Option Agreement
Vancouver, British Columbia--(Newsfile Corp. - August 26, 2024) - Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) ("Kobrea" or the "Company") is pleased to announce that, further to its press release dated August 19, 2024, it has completed the first payment to the optionors under the option agreement dated August 14, 2024 (the "Option Agreement"), pursuant to which the Company can acquire up to a 100% interest in certain mineral properties in the Mendoza province of Argentina (the "Western Malargüe Copper Projects" or the "Properties").
溫哥華,不列顛哥倫比亞(新聞發佈公司-2024年8月26日)-Kobrea Exploration Corp.(CSE:KBX)(FSE:F3I)(OTCQB:KBXFF)(「Kobrea」或「公司」)很高興宣佈,根據其於2024年8月19日的新聞稿,已經根據2024年8月14日的期權協議(「期權協議」)完成了對期權人的首付款項,據此公司可以收購阿根廷蒙多薩省(「西部馬拉圭銅項目」或「物業」)的某些礦權的100%權益。
The first payment under the Option Agreement consisted of USD$250,000 in cash and the issuance of 100,000 common shares of the Company (the "Shares"). The Shares, and all other common shares of the Company issuable under the Option Agreement, will be subject to a hold period of four months and one day following the date of issuance in accordance with applicable securities laws.
根據期權協議的條款,首付款包括現金25萬美元和公司的100,000股普通股票(「股票」)。股票和期權協議項下的其他全部普通股股票將根據適用證券法規定,自發行日起持有四個月零一天。
Under the terms of the Option Agreement, the Company can acquire up to a 100% interest in the Western Malargüe Copper Projects, subject to a 1.5% net smelter return royalty in favour of the optionors, by issuing to the optionors an aggregate of 3,500,000 common shares of the Company and making cash payments to the optionors in the aggregate amount of USD $6,760,000 in stages over a five-year period. For more information concerning the Option Agreement and the Properties, please refer to the Company's press release dated August 19, 2024.
根據期權協議的條款,公司可以以發行公司的350萬普通股票並在五年內分階段向期權人支付總額達676萬美元的現金作爲對期權人的1.5%淨冶煉回報版稅,從而收購西部馬拉圭銅項目的100%權益。有關期權協議和物業的更多信息,請參閱公司於2024年8月19日的新聞稿。
Western Malargüe Copper Projects
西部馬拉地銅項目
The Company is planning exploration activities on the Properties as soon as practicable. A district-scale ZTEM survey will be completed over the Properties to better define the hydrothermal alteration footprints of existing porphyry prospects (Figure 1) and to outline additional deposit-scale copper porphyry targets within the property boundaries. Geological, geochemical and additional geophysical surveys will be conducted to advance priority targets.
公司計劃儘快在物業上進行勘探活動。將對物業進行一個區域尺度的ZTEm調查,以更好地定義現有斑岩遠景的熱液蝕變區域(圖1),並在物業邊界範圍內勾勒出更多的大型礦牀型銅斑岩目標。將進行地質、地球化學和進一步的地球物理調查,以推進優先目標。
Figure 1 - Porphyry copper ± gold ± molybdenum targets on Western Malargüe Copper Projects
圖1-西部馬拉圭銅項目的斑岩銅±金±鉬目標
Qualified Person
合格人士
The scientific and technical information in this news release has been reviewed by Rory Ritchie, P.Geo., Chief Geologist and Director of Kobrea Exploration Corp. and a Qualified Person under National Instrument 43-101.
本新聞稿中的科學技術信息已由Kobrea Exploration Corp.的首席地質學家和董事Rory Ritchie, P.Geo.審核,並獲得了43-101國家法規下的合格人員認可。
About the Western Malargüe Copper Projects
關於Western Malargüe銅項目
Kobrea holds the right to earn a 100% interest in 7 projects totaling over 733 km2 in southwestern Mendoza Province, Argentina. The properties are considered highly prospective for porphyry copper and porphyry copper-gold deposits. Numerous porphyry copper targets have been outlined to date exhibiting multi-kilometre hydrothermal alteration footprints, anomalous copper ± gold ± molybdenum geochemistry, quartz stockwork veining, localized hydrothermal breccias and Miocene aged dacitic to dioritic porphyry intrusions.
Kobrea擁有在阿根廷門多薩省西南部獲得100%權益的7個項目,總面積超過733平方公里。這些物業被認爲在斑岩銅和斑岩銅金沉積物方面具有很大的潛力。迄今爲止已勾勒出了許多斑岩銅目標,表現出多公里的熱液蝕變足跡、異常的銅±金±鉬地球化學、石英脈、局部熱液角礫岩和中新世年齡的安山岩到閃長巖斑岩侵入體。
For more information, please consult the Company's filings, available at .
有關更多信息,請參閱該公司的申報文件,該申報文件可在。
ON BEHALF OF THE BOARD OF DIRECTORS
董事會代表
Per: "James Hedalen"
James Hedalen
CEO & Director
按:"詹姆斯·海德倫"
James Hedalen
CEO&董事
Contact Information
聯繫信息
James Hedalen
CEO & Director
Mobile: (778) 322-9066
Email: James@kobreaexploration.com
詹姆斯·赫達倫
CEO&董事
手機:(778)322-9066
電子郵件:James@kobreaexploration.com
Forward-Looking Statements
前瞻性聲明
This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company, including statements respecting (i) the Properties and the mineral prospects thereon, (ii) the Company's performance of its obligations under the Option Agreement, and the exercise of the option thereunder, and (ii) the Company's planned exploration activities on the Properties. These forward-looking statements generally are identified by words such as "believe," "project," "aim," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.
本新聞稿包含公司相關證券法適用的前瞻性陳述,包括關於(i)財產及其上的礦產前景,(ii)公司根據期權協議履行其義務以及在該協議下行使期權,以及(iii)公司對財產的計劃勘探活動。這些前瞻性陳述通常通過「相信」,「計劃」,「目標」,「期待」,「預期」,「估計」,「打算」,「策略」,「未來」,「機會」,「計劃」,「可能」,「應該」,「將」,和類似的表達來識別。儘管公司相信這些前瞻性陳述和信息所基於的期望和假設是合理的,但不應過分依賴這些前瞻性陳述和信息,因爲公司不能保證其正確性。由於前瞻性陳述和信息涉及未來事件和條件,它們本質上涉及固有的風險和不確定性。許多因素可能導致實際未來事件與本新聞稿中的前瞻性陳述大不相同。本新聞稿中包含的前瞻性陳述明確受到此警告性陳述的限制。本新聞稿中包含的前瞻性陳述和信息截至本日期,公司不承擔公開更新或修訂任何前瞻性陳述或信息的義務,除非適用法律另有要求。
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
加拿大證券交易所未審核此新聞稿,不對其充分性或準確性負責。
譯文內容由第三人軟體翻譯。