Further to the Company's news release dated April 28, 2014, the Company is proceeding with the preparation of formal documentation to acquire the assets of the Colorado dispensary and has assembled a team of industry experts and advisers in the state of Colorado to support and assist the Dispensary in its desire to expand its facilities. The Company intends to undertake a $CDN 500,000 private placement financing, which [...]
Papuan Precious Metals is pleased to announce that it has entered into a non-binding Letter of Intent with a Colorado licensed dispensary/cultivation facility to conduct a due diligence review of its Colorado operations. The Company has agreed to immediately place $100,000 in escrow to conduct the due diligence review of the business and has the exclusive right to acquire the business, subject to the successful outcome of [...]
Papuan Precious Metals is pleased to announce it has entered into a consultancy agreement with Mr. Drew Milburn, an acknowledged expert in the Medical Marijuana sector. Mr. Milburn has acted as an advisor to numerous State and local authorities in the U.S., as well as Health Canada, which runs the National Program for Medical Marijuana in Canada. He has a strong background in the manufacturing and distribution sector [...]
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