Palamina Wins With Winshear US$30,000,000 Settlement
Palamina Wins With Winshear US$30,000,000 Settlement
Toronto, Ontario--(Newsfile Corp. - October 16, 2023) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) equity/royalty partner Winshear Gold Inc. (TSXV: WINS) ("Winshear") has received a settlement payment of US$30,000,000 from the Tanzanian Government as compensation for the expropriation of Winshear's SMP gold deposit in Tanzania. Palamina holds 13,422,000 common shares and 1,321,000 warrants in Winshear Gold Corp. (representing an 18.5% partially diluted share position) and a 2% NSR on all its projects in Peru. On September 19, 2023 Winshear announced they had reached a conditional settlement agreement with Tanzania where the full and final settlement payment of US $30,000,000 to settle the arbitration was received on October 16, 2023. After paying funders and legal fees the net amount payable to Winshear is estimated to be in excess of CDN $25,250,000.
安大略省多倫多-(Newsfile Corp.-2023年10月16日)-帕拉米納公司(多倫多證券交易所股票代碼：PA)(場外交易代碼：PLMNF)股權/特許權使用費合作夥伴溫謝爾黃金公司(多倫多證券交易所股票代碼：WINS)(“溫謝爾”)已收到坦桑尼亞政府支付的30,000,000美元和解金，作為對溫謝爾在坦桑尼亞SMP金礦的徵用的補償。Palamina持有13,422,000股普通股和1,321,000股溫謝爾黃金公司的認股權證(相當於18.5%的部分稀釋股份頭寸)，以及其在祕魯的所有專案的2%的NSR。2023年9月19日，溫謝爾宣佈，他們已與坦桑尼亞達成有條件和解協定，其中於2023年10月16日收到全額和最終和解款項30,000,000美元，以了結仲裁。在支付出資人和法律費用後，應付給溫謝爾的淨額估計超過25,250,000加元。
Andrew Thomson President of Palamina commented: "The US$30,000,000 settlement payment to Winshear Gold provides Winshear shareholders compensation for the expropriation of the SMP gold deposit in Tanzania. Palamina is the largest shareholder of Winshear Gold holding an 18.5% partially diluted share ownership. Palamina's Usicayos and Winshear's Gaban gold projects in south eastern Peru are both permitted to drill. We congratulate Winshear and Tanzania on reaching a settlement and look forward to the drill discovery phase ahead. Palamina holds a 2% NSR on all of Winshear's properties in Peru."
帕拉米納的安德魯·湯姆森總裁評論道：“支付給溫謝爾黃金的3,000萬美元和解金為溫謝爾在坦桑尼亞SMP金礦的徵用提供了股東補償。帕拉米納是溫謝爾黃金的最大股東，持有18.5%的部分稀釋股份。帕拉米納的Usicayos和溫謝爾在祕魯東南部的Gaban金礦專案都被允許鑽探。我們祝賀溫謝爾和坦桑尼亞達成和解，並期待著未來的鑽探發現階段。帕拉米納持有溫謝爾在祕魯的所有資產2%的NSR。”
Winshear is now well funded to advance the Gaban Gold Project through the drill discovery phase in south eastern Peru. Palamina has a drill at site at its Usicayos Gold Project where drilling is planned in the Cayos and Sol de Oro zones.
溫謝爾現在資金充足，可以在祕魯東南部的鑽探發現階段推進Gaban金礦專案。Palamina在其Usicayos金礦專案的現場進行了鑽探，計劃在Cayos和Sol de Oro地區進行鑽探。
Further details of Winshear's Gaban Gold Project and further details on the conclusion of arbitration proceedings can be found on Winshear's website:
有關溫希爾嘉班黃金專案的更多細節和仲裁程式結束的更多細節，可以在溫莎的網站上找到：
About Palamina Corp.
帕拉米納公司簡介
Palamina has participation in eight gold projects in south-eastern Peru hosted within the Puno Orogenic Gold Belt (POGB). Palamina is advancing the Usicayos gold project through the drill discovery phase. The Company also has rights to the Galena silver-copper project in the Santa Lucia district. Palamina holds an 18.5% equity interest on a partially diluted basis in Winshear Gold Corp. who are advancing the Gaban Gold Project to the drill discovery phase.
帕拉米納參與了祕魯東南部普諾造山金礦帶(POGB)內的八個金礦專案。帕拉米納正在通過鑽探發現階段推進Usicayos金礦專案。該公司還擁有聖路西亞地區Galena銀銅專案的權利。Palamina在部分稀釋的基礎上持有溫謝爾黃金公司18.5%的股權，該公司正在將Gaban Gold專案推進到鑽探發現階段。
Palamina has 71,284,836 shares outstanding and trades on the TSX Venture Exchange under the symbol PA and on the OTCQB Venture Market under the symbol PLMNF.
Palamina擁有71,284,836股流通股，在多倫多證券交易所創業板交易代碼PA，在OTCQB創業板市場交易代碼PLMNF。
On Behalf of the Board of Directors:
Andrew Thomson, President
Phone: (416) 204-7536 or visit
我謹代表董事會：
安德魯·湯姆森，總裁
電話：(416)204-7536或訪問
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。
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