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Amendment of Cape Spencer Project Option Agreements

Amendment of Cape Spencer Project Option Agreements

斯賓塞角項目期權協議修正案
Accesswire ·  2023/09/27 20:00

TORONTO, ON / ACCESSWIRE / September 27, 2023 / Magna Terra Minerals Inc. (the "Company" or "Magna Terra") (TSXV:MTT) announces that it has entered into amended option agreements regarding its Cape Spencer Project in southern New Brunswick.

多倫多,於/ACCESSWIRE/2023年9月27日 /Magna Terra Minerals Inc.(“公司”或“Magna Terra”)(多倫多證券交易所股票代碼:MTT)宣佈,它已就其位於新不倫瑞克南部的斯賓塞角專案簽訂了經修訂的期權協定。

Under the original terms of the Marigold option agreement, the Company can earn a 100% interest in the Marigold Property by paying the Optionor a total of $200,000 (comprised of $95,000 in cash and $105,000 in cash and/or consideration shares over a four-year period beginning August 2020 (refer to the press releases dated October 12, 2022 and August 31, 2020). The Company has entered into an amended agreement whereby it will now earn a 100% property interest by paying the Optionor a total of $175,000 in cash and/or consideration shares and 1,075,000 common shares of the Company, over a five-year period ending August 15, 2025. To date, the Company has paid a total of $80,000 ($40,181 in cash and $39,819 through the issuance of 397,799 common shares of the Company) and will issue 1,075,000 common shares of the Company to settle the third anniversary payment. The fourth anniversary payment will consist of $25,000 in cash and $35,000 in cash and/or consideration shares (up to a maximum of 700,000 common shares). A fifth anniversary payment will consist of $35,000 in cash. All future share issuances will be based on the greater of $0.05 per share or the 20-day volume weighted average price on the date a payment is due and the Company elects to make such payment in common shares.

根據萬壽菊購股權協定的原始條款,本公司可透過向購股權支付合共200,000美元(包括95,000美元現金、105,000美元現金及/或代價股份),在2020年8月開始的四年內賺取萬壽菊物業的100%權益(請參閱日期為2022年10月12日及2020年8月31日的新聞稿)。本公司已訂立經修訂協定,在截至2025年8月15日的五年期間,本公司將透過向購股權支付合共175,000美元現金及/或代價股份及1,075,000股普通股,賺取100%財產權益。到目前為止,公司已經支付了總計80,000美元(40,181美元現金和39,819美元通過發行公司397,799股普通股),並將發行1,075,000股公司普通股以支付三週年付款。四週年付款將包括25,000美元的現金以及35,000美元的現金和/或對價股票(最多為700,000股普通股)。五週年付款將包括3.5萬美元現金。所有未來的股票發行將以每股0.05美元或20天成交量加權平均價中較大者為基礎,公司選擇以普通股支付。

Under the terms of the Armstrong option agreement, the Company can earn a 100% interest in the Armstrong Property by paying the Optionor a total of $90,000 (comprised of $45,000 in cash and $45,000 in cash and/or consideration shares) over a three-year period beginning August 2020 (refer to the press releases dated October 12, 2022 and August 31, 2020). The Company has entered into an amended agreement whereby it will now earn a 100% property interest by paying the Optionor a total of $55,000 in cash and/or consideration shares and 1,300,000 common shares of the Company, over a three-year period. To date, the Company has paid a total of $50,000 ($26,807 in cash and $23,193 through the issuance of 261,783 common shares of the Company) and will pay $5,000 in cash and issue 1,300,000 common shares of the Company and to settle the third anniversary payment currently due, which will complete the earn-in requirements of this option agreement.

根據阿姆斯特朗期權協定的條款,本公司可在2020年8月開始的三年內向期權支付總計90,000美元(包括45,000美元現金以及45,000美元現金和/或代價股份),從而獲得阿姆斯特朗物業的100%權益(請參閱日期為2022年10月12日和2020年8月31日的新聞稿)。本公司已訂立經修訂協定,根據該協定,本公司將於三年內向購股權支付合共55,000美元現金及/或代價股份及1,300,000股本公司普通股,從而賺取100%財產權益。到目前為止,公司已經支付了50,000美元(26,807美元現金和23,193美元通過發行261,783股公司普通股),並將支付5,000美元現金和發行1,300,000股公司普通股,並支付目前到期的三週年付款,這將完成本期權協定的收入要求。

The common shares which may be issued under the above-mentioned agreements will be subject to a regulatory four month and one day hold period from their date of issuance and are subject to approval by the TSX Venture Exchange.

根據上述協定可能發行的普通股自發行之日起有四個月零一天的監管持有期,並須經多倫多證券交易所創業板批准。

About Magna Terra

關於麥格納土地

Magna Terra Minerals Inc. is a precious metals focused exploration company, headquartered in Toronto, Canada. Magna Terra owns two district scale, resource stage gold exploration projects in the top-tier mining jurisdictions of New Brunswick and Newfoundland and Labrador. The Company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina which includes its precious metals discovery on its Luna Roja Project, as well as an extensive portfolio of district scale drill ready projects available for option or joint venture.

Magna Terra Minerals Inc.是一家專注於貴金屬勘探的公司,總部設在加拿大多倫多。Magna Terra在新不倫瑞克、紐芬蘭和拉布拉多這兩個頂級採礦管轄區擁有兩個地區規模、資源階段的金礦勘探專案。本公司在阿根廷聖克魯斯省擁有重要的勘探組合,包括在露娜Roja專案中發現的貴金屬,以及可供選擇或合資的地區規模鑽探準備專案的廣泛組合。

Forward Looking Statements

前瞻性陳述

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 Statements Regarding Forward Looking Information

有關前瞻性資訊的警告性聲明

Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential mineralization) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, changes in world gold markets or markets for other commodities, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.

本新聞稿中的一些陳述可能包含前瞻性資訊。除歷史事實外,所有涉及公司相信、預期或預期未來將發生或可能發生的活動、事件或發展的陳述(包括但不限於有關潛在礦化的陳述)均為前瞻性陳述。前瞻性陳述一般可通過使用“可能”、“將”、“應該”、“繼續”、“預期”、“預期”、“估計”、“相信”、“打算”、“計劃”或“專案”等詞語或這些詞語的其他變體或類似術語的否定或其他變體來識別。前瞻性陳述會受到許多風險和不確定性的影響,其中許多風險和不確定性超出了公司的控制或預測能力,這可能會導致公司的實際結果與前瞻性陳述中討論的大不相同。可能導致實際結果或事件與當前預期大相徑庭的因素包括但不限於未能確定估計的礦產資源量、未來勘探結果與公司預期不一致的可能性、世界黃金市場或其他大宗商品市場的變化,以及公司向相關證券監管機構提交的公開披露記錄中披露的其他風險。任何前瞻性表述僅在作出之日發表,除適用的證券法可能要求外,公司不承擔任何更新任何前瞻性表述的意圖或義務。

FOR FURTHER INFORMATION PLEASE CONTACT:

欲瞭解更多資訊,請聯繫:

Magna Terra Minerals Inc.
Lewis Lawrick
President and CEO, Director
647-478-5307
Email: info@magnaterraminerals.com
Website:

麥格納土地礦業公司。
劉易斯·勞裡克
總裁兼董事首席執行官
647-478-5307
電子郵件:info@magaterraminals.com
網站:

SOURCE: Magna Terra Minerals Inc.

資料來源:麥格納土地礦業公司。


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