Val-d'Or Mining Announces Follow-On Agreement for Strategic Partnership With Gold Royalty Corp.
Val-d'Or Mining Announces Follow-On Agreement for Strategic Partnership With Gold Royalty Corp.
Val-d'Or, Québec--(Newsfile Corp. - March 10, 2023) - Val-d'Or Mining Corporation (TSXV: VZZ) ("Val-d'Or Mining" or the "Company") is pleased to announce that further to the Company's news release of December 2, 2022, it has entered into a further letter agreement dated March 9, 2023 (the "Agreement") with Gold Royalty Corp.'s wholly owned subsidiary, Golden Valley Abitibi Royalties Ltd. ("Abitibi"), which together with Gold Royalty Corp., is referred to as "Gold Royalty", for the assignment and transfer to the Company of all rights, titles and interests in and to the mineral claims forming Abitibi's Upper Red Lake property located in Ontario (the "Abitibi Exploration Portfolio") in consideration for which the Company will grant to Gold Royalty a 1% net smelter return royalty on the property comprising the Abitibi Exploration Portfolio. Gold Royalty holds 28,965,050 shares in the capital of the Company, representing 35.1% of its issued share capital, and accordingly is an insider of the Company in accordance with applicable securities legislation.
Val-d‘Or，QuéBEC-(新聞檔案公司，2023年3月10日)-Val-d’Or礦業公司(多倫多證券交易所股票代碼：VZZ)(以下簡稱“Val-d‘Or礦業”或“公司”)高興地宣佈，繼公司於2022年12月2日發佈新聞稿後，它已與黃金版稅公司的全資子公司黃金谷黃金版稅有限公司(以下簡稱“黃金版稅”)於2023年3月9日簽訂了進一步的書面協定(以下簡稱“協定”)。將構成Abitibi位於安大略省的上紅湖物業(“Abitibi勘探組合”)的所有權利、所有權及權益轉讓及轉讓予本公司，代價為本公司將就組成Abitibi勘探組合的物業授予Gold Royalty 1%的冶煉廠淨收益。Gold Royalty持有本公司28,965,050股股份，佔其已發行股本的35.1%，因此根據適用的證券法例，是本公司的內部人士。
No cash or equity consideration will be paid for the Abitibi Exploration Portfolio acquired by the Company. The Company will pay to Gold Royalty 20% of any future consideration received by the Company consisting of cash, shares or other securities of any entity received by the Company from a third party in consideration for any interest in, or otherwise in relation to, the Abitibi Exploration Portfolio pursuant to any transaction, agreement or other arrangement entered into, agreed to or announced by the Company on or before March 31, 2024.
對於公司收購的Abitibi Explore投資組合，不會支付現金或股權對價。本公司將根據本公司於2024年3月31日或之前訂立、同意或公佈的任何交易、協定或其他安排，向Gold Royalty支付本公司從第三方收取的任何實體的現金、股份或其他證券未來代價的20%，以換取Abitibi勘探組合中的任何權益或與Abitibi勘探組合有關的任何權益。
The transaction contemplated by the Agreement is subject to customary closing conditions, including but not limited to applicable regulatory approval. The Agreement can be terminated by either party if the transactions contemplated by the Agreement have not completed on or before April 30, 2023.
協定擬進行的交易須遵守慣常的成交條件，包括但不限於適用的監管批准。如果協定預期的交易在2023年4月30日或之前沒有完成，協定的任何一方都可以終止協定。
About Val-d'Or Mining Corporation
關於Val-d‘Or礦業公司
Val-d'Or Mining Corporation is a natural resource issuer involved in the process of acquiring and exploring its mineral property assets, most of which are situated in the Abitibi Greenstone Belt of NE Ontario and NW Québec. To complement its current property interests, the Company regularly evaluates new opportunities for staking and/or acquisitions. Outside of its principal regional focus in the Abitibi Greenstone Belt, the Company holds several other properties in Northern Québec (Nunavik) covering different geological environments and commodities (Ni-Cu-PGE's).
Val-d‘Or礦業公司是一家自然資源發行商，參與收購和勘探其礦產資產，其中大部分資產位於安大略省東北部的Abitibi Greenstone帶和NW QuéBEC。為補充現有的物業權益，本公司會定期評估新的入股及/或收購機會。除了在Abitibi Greenstone帶的主要區域重點之外，該公司還在北部QuéBEC(努納維克)擁有幾處其他物業，涵蓋不同的地質環境和大宗商品(鎳-銅-鉑礦)。
The Company has an expertise in the identification and generation of new projects, and in the early stages of exploration. The mineral interests are broad and range from gold, copper-zinc-silver, nickel-copper-PGE to industrial and energy minerals. After the initial value creation in the 100%-owned, or majority-owned properties, the Company seeks option/joint venture partners to conduct more advanced exploration on the projects.
該公司在新專案的確定和生成以及勘探的早期階段擁有專業知識。礦產利益廣泛，從金、銅-鋅-銀、鎳-銅-PGE到工業和能源礦產。在100%擁有或多數擁有的物業初步創造價值後，本公司尋求期權/合資夥伴，以對專案進行更高級的勘探。
For additional information, please contact:
如需更多資訊，請聯繫：
Glenn J. Mullan
President & Chief Executive Officer
2864 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Tel.: 819-824-2808
格倫·J·穆蘭
總裁&首席執行官
2864趨化素沙利文
Vald‘Or，QuéBEC J9P 0B9
電話：819-824-2808
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