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Almadex Signs Non-Binding Letters of Intent to Option Spences Bridge Gold Belt Properties to Independence Gold Corp.28.02.2019 | 14:00 Uhr | GlobeNewswire
VANCOUVER, Feb. 28, 2019 - Almadex Minerals Ltd. ("Almadex" or the "Company") (TSX-V: “DEX”) is pleased to announce that it has executed two non-binding Letters of Intent (“LOIs”) to option 60% of the Nicoamen and Merit properties to Independence Gold Corp. (“Independence”). Each LOI provides that, subject to completion of due diligence, and execution of final documentation by March 29, 2019, and approval of the TSX.V and Boards of Directors of the companies, Independence can acquire a 60% interest in the respective property by:
Upon completion of the 60% earn-in, Almadex and Independence will immediately form a joint venture for the purpose of carrying out further exploration work on the respective property. If either party’s participating interest falls below 15%, their interest will be converted into a 2% net smelter returns royalty. Almadex, its predecessors and partners have worked in the area of the Merit property since 2002, and in the area of the Nicoamen property since 2003. J. Duane Poliquin, Chairman of Almadex, stated, “We look forward to further exploration being conducted on these two promising prospects in the Spences Bridge gold belt, the location of recent discovery success by others. We are pleased to partner with Independence, which has an experienced team and an existing presence in British Columbia.” About Almadex On behalf of the Board of Directors, “Morgan Poliquin” Morgan J. Poliquin, Ph.D., P.Eng. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within it, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, permitting, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements, other than as required pursuant to applicable securities laws. Contact Information: Dieser Artikel stammt von Rohstoff-Welt.de
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