AsiaBaseMetals Announces Option Agreement to Acquire 100% Interest in Three Lithium Properties - 4,400 Hectares in Northwestern Ontario and Grant of Stock Options
AsiaBaseMetals Announces Option Agreement to Acquire 100% Interest in Three Lithium Properties - 4,400 Hectares in Northwestern Ontario and Grant of Stock Options
1Ontario Geological Survey, 2004. Lake Sediment Geochemical data from the Perrault Falls Survey Area, Northwestern Ontario, MRD-106.Vancouver, British Columbia--(Newsfile Corp. - March 30, 2023) - AsiaBaseMetals Inc. (TSXV: ABZ) ("AsiaBaseMetals" or the "Company") is pleased to announce that it has entered into an option agreement (the "Option Agreement") with 2758145 Ontario Ltd. (the "Optionor"), a private company, to acquire a 100% interest in 220 active mineral claims covering approximately 4,400 hectares comprising each of the "Cedar River Property", the "Robbins Lake Property" and the "Moosetrack Lake Property" (collectively, the "Properties" and each individually, a "Property"), each located in the Kenora and Red Lake Mining Districts of Northwestern Ontario, Canada.
溫哥華，不列顛哥倫比亞省-(Newsfile Corp.-2023年3月30日)-亞洲基礎金屬公司(TSXV：Abz)(“亞洲賤金屬“或“公司“)很高興地宣佈，它已達成一項期權協定(”期權協定“)與安大略省2758145有限公司(The”選擇器“)，一傢俬營公司，收購220個正在進行中的礦業權的100%權益，涉及約4,400公頃，每個礦業權包括”雪鬆河酒店“、”羅賓斯湖酒店“和”慕士奇湖畔酒店(統稱為屬性並且每一個單獨，一個屬性“)，分別位於加拿大安大略省西北部的肯諾拉和紅湖礦區。
Description of the Properties
屬性說明
The Cedar River Property consists of 100 claims covering approximately 2,000 hectares. The Cedar River Property is situated in the English River terrane and within 20 km of the structural contact with Winnipeg River terrane.
Cedar River財產包括100項索賠，佔地約2 000公頃。雪鬆河地產位於英格蘭河地體中，與溫尼伯河地體的構造接觸距離不到20公里。
- highest Li result in the OGS 2002 Perrault Falls Lake Sediment Survey (48 ppm).1
- OGS reconnaissance sampling by Resident Geologist identified a coarse white granite with anomalous Yttrium values.2
- 在OGS 2002年的Perrault Falls Lake沉積物調查中，Li的結果最高(48ppm)。1
- OGS常駐地質學家的勘察採樣發現了一塊Y值異常的粗大白色花崗巖。2.
1Ontario Geological Survey, 2004. Lake Sediment Geochemical data from the Perrault Falls Survey Area, Northwestern Ontario, MRD-106.
2 Ontario Geological Survey, Ontario Mineral Inventory file MDI000000002968.
1安大略省地質調查局，2004年。安大略省西北部Perrault瀑布勘測區的湖泊沉積物地球化學數據，MRD-106。
2.安大略省地質調查局，安大略省礦產清單檔案MDI000000002968。
The Robbins Lake Property consists of 70 claims covering approximately 1,400 hectares. The Robbins Lake Property is located in the western Wabigoon terrane along the western edge of the Dryden - Sioux Lookout pegmatite field.
羅賓斯湖的財產包括70項索賠，佔地約1,400公頃。羅賓斯湖地產位於西部瓦比貢地體中，沿著Dryden-Sioux Lookout偉晶巖田的西緣。
- historical data from the Ontario Geological Survey ("OGS") in 1939 reveals the presence of several pegmatites.3
- above average lithium concentration in OGS lake sediment data.4
- 1939年安大略省地質調查局(“OGS”)的歷史數據揭示了幾種偉晶巖的存在。3.
- OGS湖沉積物中高於平均濃度的鋰離子濃度.4
3Moorehouse, W.W., 1939. Ontario Department of Mines Annual Report, Vol. XLVIII, Part 4, Map 48d.
4 Felic, V.E.,2005. Lake Sediment and Water Analytical Data for the Eagle Lake Area, Ontario Geological Survey, MRD 145.
3.莫耳爾豪斯，W.W.，1939年。安大略省礦業部年度報告，第一捲。XLVIII，第4部分，圖48d。
4.費利奇，V.E.2005年。伊格爾湖地區的湖泊沉積物和水分析數據，安大略省地質調查局，MRD 145。
The Moosetrack Lake Property consists of 50 claims covering approximately 1,000 hectares. The Moosetrack Lake Property is located in the Marion terrane, approximately 6 kilometres north of the Quetico Fault, a deep-seated regional structure recognized as playing a role in lithium-cesium-tantalum pegmatite emplacement.
穆塞特裡克湖的財產由50項索賠組成，佔地約1,000公頃。穆塞特裡克湖地產位於魁北克斷裂以北約6公里處的馬利恩地體內，這一深部區域構造被認為對鋰銫鉭偉晶巖的侵位起到了作用。
- property geology consists of wacke, arkoses and argillites intruded by a muscovite-bearing granite.5
- anomalous lithium and tantalum results are present near the property from the OGS's 2012 Mine Centre Lake Sediment Survey.6
- 屬性地質學由白雲母花崗巖侵入的瓦克、玄武岩和泥質巖組成。5
- 根據OGS的2012年礦山中心湖沉積物調查，在該礦區附近發現了異常的鋰和鉭元素。6
5 Ontario Geological Survey 2011. 1:250 000 scale bedrock geology of Ontario; Ontario Geological Survey, MRD 126-Revision 1.
6 Dyer R.D.and Burke H.E., 2012, Lake Sediment and Water Geochemical Data from the Mine Centre Area, Northwestern Ontario, MRD-296.
5.2011年安大略省地質調查局。安大略省1：25萬比例尺基岩地質；安大略省地質調查局，MRD 126-修訂版1。
6Dyer R.D.和Burke H.2012，來自安大略省西北部礦區的湖泊沉積物和水的地球化學數據，MRD-296。
Raj Chowdhry, CEO, stated: "We are excited to enter into this Option Agreement, which allows the Company to enter the lithium mining sector in Ontario. Given that Ontario is considered a highly prospective lithium mining region in Canada, this Option Agreement allows us to further develop and build our presence in this sector and the region. I'm confident that with the continued support of our shareholders, the Company's entry into the lithium sector will be rewarding. We look forward to advancing and developing these properties, in the prolific Red Lake Mining Districts of Northwestern Ontario, Canada."
首席執行官Raj Chowdhry表示我們很高興能達成這份期權協定，使公司能夠進入安大略省的鋰礦業領域。鑑於安大略省被認為是加拿大極具前景的鋰礦區，這份期權協定使我們能夠進一步發展和建立我們在該行業和該地區的存在。我相信，在我們股東的持續支持下，公司進入鋰行業將是有回報的。我們期待著在加拿大安大略省西北部多產的紅湖礦區推進和開發這些資產。
Option Terms
期權條款
Pursuant to the Option Agreement, and subject to any required approval of the TSX Venture Exchange (the "Exchange"), the Company may exercise, in its sole discretion, the options to acquire the Cedar River Property (the "Cedar River Option"), the Robbins Lake Property (the "Robbins Lake Option") and the Moosetrack Lake Property (the "Moosetrack Lake Option") by paying to the Optionor a total cash sum of $136,000.00 and issuing and delivering to the Optinor 1,000,000 common shares in the capital of the Company (the "Shares") at a price of $0.20 per Share over a three-year period following the receipt by the Company of final Exchange acceptance of the Option Agreement (the "Effective Date"). The Company may, in its sole discretion, elect to exercise one or more of the options upon payment of the following consideration:
根據購股權協定，並須經多倫多證券交易所創業板交易所(“交易所)，本公司可全權酌情行使收購Cedar River物業的選擇權雪鬆河選項)，羅賓斯湖酒店(The羅賓斯湖選項“)和Moosetack Lake物業(”Moosetack Lake選項“)向購股權公司支付現金總額136,000.00美元，並向購股權公司發行及交付1,000,000股本公司股本中的普通股(”股票“)在本公司收到最終交易所接納購股權協定後三年內每股0.20美元的價格(生效日期“)。在支付下列代價後，本公司可全權酌情選擇行使一項或多項選擇權：
Cedar River Option
雪鬆河選項
| ($45,600 Cash and 333,335 shares pursuant to schedule outlined below) | |
| Cash Payments | Common Shares |
| (i) $6,667.00 on or before the date that is five (5) business days following the Effective Date; (ii) $9,120.00 on or before the first anniversary of the Effective Date; (iii) $13,680.00 on or before the second anniversary of the Effective Date; and (iv) $16,133.00 on or before the third anniversary of the Effective Date |
(i) 54,767 Shares on or before the date that is thirty (30) calendar days following the Effective Date; (ii) 73,067 Shares on or before the first anniversary of the Effective Date; (iii) 91,334 Shares on or before the second anniversary of the Effective Date; and (iv) 114,167 Shares on or before the third anniversary of the Effective Date |
|
Robbins Lake Option | |
($45,600 Cash and 333,334 shares pursuant to schedule outlined below) | |
| Cash Payments | Common Shares |
| (i) $6,666.00 on or before the date that is five (5) business days following the Effective Date; (ii) $9,120.00 on or before the first anniversary of the Effective Date; (iii) $13,680.00 on or before the second anniversary of the Effective Date; and (iv) $16,134.00 on or before the third anniversary of the Effective Date |
(i) 54,767 Shares on or before the date that is thirty (30) calendar days following the Effective Date; (ii) 73,067 Shares on or before the first anniversary of the Effective Date; (iii) 91,333 Shares on or before the second anniversary of the Effective Date; and (iv) 114,167 Shares on or before the third anniversary of the Effective Date |
|
Moosetrack Lake Option | |
| ($45,600 Cash and 333,331 shares pursuant to schedule outlined below) | |
| Cash Payments | Common Shares |
| (i) $6,667.00 on or before the date that is five (5) business days following the Effective Date; (ii) $9,120.00 on or before the first anniversary of the Effective Date; (iii) $13,680.00 on or before the second anniversary of the Effective Date; and (iv) $16,133.00 on or before the third anniversary of the Effective Date |
(i) 54,766 Shares on or before the date that is thirty (30) calendar days following the Effective Date; (ii) 73,066 Shares on or before the first anniversary of the Effective Date; (iii) 91,333 Shares on or before the second anniversary of the Effective Date; and (iv) 114,166 Shares on or before the third anniversary of the Effective Date |
| (根據下文概述的時間表，現金45,600美元和股票333,335股) | |
| 現金支付 | 普通股 |
| (1)生效日期後五(5)個工作日當日或之前的6,667.00美元； (2)生效日期一週年當日或之前的9,120.00美元； (3)生效日期兩週年當日或之前的13,680.00美元；及 (4)生效日期三週年當日或之前的16,133.00美元 |
(1)在生效日期後三十(30)個日曆日或之前的54,767股； (2)生效日期一週年當日或之前的73,067股； (Iii)在生效日期兩週年當日或之前持有91,334股；及 (四)生效日期三週年當日或之前的114,167股 |
|
羅賓斯湖選項 | |
(根據下文概述的時間表，現金45,600美元和股票333,334股) | |
| 現金支付 | 普通股 |
| (1)生效日期後五(5)個工作日當日或之前的6,666.00美元； (2)生效日期一週年當日或之前的9,120.00美元； (3)生效日期兩週年當日或之前的13,680.00美元；及 (4)生效日期三週年當日或之前的16,134.00美元 |
(1)在生效日期後三十(30)個日曆日或之前的54,767股； (2)生效日期一週年當日或之前的73,067股； (Iii)在生效日期兩週年當日或之前持有91,333股股份；及 (四)生效日期三週年當日或之前的114,167股 |
|
Moosetack Lake選項 | |
| (根據下文概述的時間表，現金45,600美元和股票333,331股) | |
| 現金支付 | 普通股 |
| (1)生效日期後五(5)個工作日當日或之前的6,667.00美元； (2)生效日期一週年當日或之前的9,120.00美元； (3)生效日期兩週年當日或之前的13,680.00美元；及 (4)生效日期三週年當日或之前的16,133.00美元 |
(I)在生效日期後三十(30)個日曆日或之前的54,766股； (2)生效日期一週年當日或之前的73,066股； (Iii)在生效日期兩週年當日或之前持有91,333股股份；及 (四)生效日期三週年當日或之前的114,166股 |
Upon valid exercise of any of the Cedar Lake Option, the Robbins Lake Option or the Moosetrack Lake Option the Company will grant a production royalty equal to 2% of the net smelter returns on the applicable Property (the "NSR Royalty"), provided that the Optionor will grant to the Company:
在有效行使任何Cedar Lake期權、Robbins Lake期權或Moosetack Lake期權時，公司將授予相當於適用物業冶煉廠淨回報2%的生產特許權使用費。NSR版稅“)，但購股權人須向本公司授予：
the exclusive right to re-purchase 1% of the NSR Royalty in respect of each Property at any time for consideration of $1,000,000 such that the NSR Royalty will be reduced to 1% on the applicable Property; and
a right of first refusal to re-purchase the remaining 1% of the NSR Royalty in respect of each applicable Property.
享有隨時以1,000,000元的代價回購每項物業1%的NSR專營權使用費的獨家權利，使適用物業的NSR專營權費減至1%；以及
優先回購每一處適用物業剩餘1%的NSR特許權使用費的權利。
This Option Agreement remains subject to approval by the Exchange. The securities issued pursuant to the Option Agreement will be subject to four months and a day statutory hold period in accordance with applicable Canadian securities laws.
本期權協定仍有待聯交所批准。根據期權協定發行的證券將根據適用的加拿大證券法受四個月零一天的法定持有期的限制。
Qualified Persons
合格人員
Andrew Tims, P.Geo., a consultant to the Company, a "Qualified Person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the technical content in this news release.
安德魯·蒂姆斯，P.Geo，本公司顧問，National Instrument 43-101所定義的“合格人士”-《礦產專案資訊披露標準》，對本新聞稿中的技術內容進行了審查和批准。
Grant of Stock Options
授予股票期權
The Company announces that, subject to Exchange approval, it has granted 2,925,000 stock options (the "Stock Options") to certain directors, advisory board members and consultants of the Company under the Company's Stock Option Plan. The Stock Options will be exercisable at a price of $0.20 per Share for a period of five (5) years from date of grant, and will vest immediately.
本公司宣佈，經聯交所批准，已授予2,925,000份股票期權(“庫存選項“)根據本公司的股票期權計劃，授予本公司的某些董事、顧問董事會成員和顧問。股票期權將在授予日期起五(5)年內以每股0.20美元的價格行使，並將立即授予。
ABOUT ASIABASEMETALS INC.
關於ASIABASE METALS Inc.
AsiaBaseMetals Inc. is a growth company focused on the exploration and development of base metals, precious metals and Lithium. The Company has a 100% owned project in northeastern British Columbia, Canada - the 5,429 hectare Gnome zinc/cobalt project in the prolific geological district known as the Kechika Trough, a district hosting several zinc deposits, and an option to acquire a 70% interest in the Paisano Gold Project, covering approximately 2,700 hectares in the prolific La Libeetad Mining District, a district hosting several precious metals deposits, in North Central Peru. AsiaBaseMetals is led by a highly experienced executive management team that has a successful track record of building shareholder value through exploration, corporate finance, and mine development.
亞洲賤金屬有限公司是一家成長型公司，專注於賤金屬、貴金屬和鋰的勘探和開發。本公司在加拿大不列顛哥倫比亞省東北部擁有100%權益的專案--位於多產的地質區Kechika海槽的5,429公頃Gnome鋅/鈷專案，該地區擁有多個鋅礦床；並有權收購位於祕魯中北部多產的La Libeetad礦區的Paisano金礦專案70%的權益，該專案佔地約2,700公頃，擁有多個貴金屬礦床。AsiaBaseMetals由一支經驗豐富的高管管理團隊領導，該團隊在通過勘探、公司融資和礦山開發建立股東價值方面有著成功的記錄。
For more information, please visit .
欲瞭解更多資訊，請訪問。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Cautionary Note Regarding Forward-Looking Statements: This news release includes certain forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements other than statements of historical fact included in this release, including, without limitation, the agreement of the parties to proceed with the proposed transactions contemplated in the Option Agreement on the terms and conditions set out therein, statements regarding the timing of cash payments and Share issuances, Exchange approval, and development of the Properties are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this news release including, without limitation, the Company will obtain the required regulatory and corporate approvals to exercise the Cedar River Option, the Robbins Lake Option or the Moosetrack Lake Option on the terms set out in the Option Agreement, the transaction, if completed, will be completed on the terms in the Option Agreement, that the Exchange will approve the Option Agreement, that general business and economic conditions will not change in a material adverse manner; that sufficient financing will be available to the Company and assumptions regarding political and regulatory stability and stability in financial and capital markets.
有關前瞻性陳述的注意事項：本新聞稿包括適用於加拿大證券法的某些前瞻性陳述和前瞻性資訊(統稱為“前瞻性陳述”)。除歷史事實陳述外，本新聞稿中包含的所有陳述，包括但不限於雙方同意按照期權協定中規定的條款和條件進行擬議的交易、有關現金支付和股票發行的時間、交易所批准以及物業發展的陳述，均為前瞻性陳述。儘管該公司相信這樣的陳述是合理的，但它不能保證這種預期將被證明是正確的。前瞻性資訊通常但不總是可以用諸如“形式”、“計劃”、“預期”、“將”、“可能”、“應該”、“預算”、“預定”、“估計”、“預測”、“打算”、“預期”、“相信”、“潛在”等詞語或這些詞語的變體，包括其負面變化，以及提及可能、可能、將、可能或將發生或將發生或將採取或實現的某些行動、事件或結果的短語來確定。前瞻性陳述不是對未來業績的保證，基於管理層根據經驗和對趨勢、當前狀況和預期發展的看法以及管理層認為在這種情況下相關和合理的其他因素對管理層的一系列估計和假設，截至本新聞稿日期，包括但不限於，公司將獲得必要的監管和公司批准，以按照期權協定中規定的條款行使雪鬆河期權、羅賓斯湖期權或穆塞特裡克湖期權，如果交易完成，交易將按照期權協定中的條款完成。交易所將批准期權協定，一般商業和經濟狀況不會發生重大不利變化；該公司將獲得足夠的資金，並對政治和監管穩定以及金融和資本市場的穩定做出假設。
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Important risk factors that could cause actual results to differ materially from the Company's plans or expectations include: the risk that Exchange acceptance of the option agreement will not be obtained, the volatility of global capital markets, political instability, unanticipated costs, risks relating to the extent and duration of the conflict in Eastern Europe and its impact on global markets, the lack of availability of capital and financing, general economic, market or business conditions, adverse weather conditions, failure to maintain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), increase in costs, litigation, failure of counterparties to perform their contractual obligations, and those risks, uncertainties and factors set forth in the Company's disclosure record under the Company's profile on SEDAR at .
前瞻性陳述涉及已知和未知的風險、不確定因素和其他因素，這些風險、不確定性和其他因素可能導致公司的實際結果、業績或成就與前瞻性陳述明示或暗示的任何未來結果、業績或成就大不相同。可能導致實際結果與公司計劃或預期大不相同的重要風險因素包括：交易所無法接受期權協定的風險、全球資本市場的波動、政治不穩定、意想不到的成本、與東歐衝突的程度和持續時間及其對全球市場的影響有關的風險、缺乏資金和融資、總體經濟、市場或商業條件、不利的天氣條件、未能維持所有必要的政府許可、批准和授權、未能維持社區接受(包括原住民)、成本增加、訴訟、交易對手未能履行其合同義務，以及這些風險。在公司SEDAR簡介下的公司披露記錄中列出的不確定因素和因素。
Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does the Company nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither the Company nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.
告誡讀者不要過度依賴前瞻性陳述。除法律另有規定外，公司沒有義務在作出前瞻性陳述之日後更新或修改任何前瞻性陳述，無論是由於新資訊、未來事件或其他原因，也沒有義務反映意外事件的發生。本公司或其任何代表均不對本文件中資訊的準確性、充分性或完整性作出任何明示或暗示的陳述或保證。由於您或您的任何代表使用本文件中的資訊或遺漏本文件中的資訊，公司或其任何代表均不會根據合同、侵權行為、信託或其他方式對您或任何人承擔任何責任。除非適用的證券法規另有要求，否則公司明確表示不會因新資訊、未來事件或其他原因而更新或修改任何前瞻性陳述，也不承擔任何義務。
Contact Information
聯繫資訊
AsiaBaseMetals Inc.
Raj Chowdhry, Chief Executive Officer and President
(604) 765-2030
Email: contact@asiabasemetals.com
亞洲基礎金屬公司
首席執行官拉傑·喬杜裡和總裁
(604)765-2030
電子郵件：Contact@asiabasemetals.com
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