Posted by Paul Nanuwa
at 11:15 AM on Wednesday, March 6th, 2024
In today’s connected world, we often take high-speed internet access for granted, but for billions living in rural and remote regions, it remains an elusive dream. NuRan Wireless ($NUR / $NRRWF), a leader in mobile and broadband wireless infrastructure solutions, is changing that narrative. With a staggering $800 million in signed contracts over the next decade across seven countries, including partnerships with two of the world’s largest mobile network operators, NuRan is making waves in the telecommunications industry.
5 YEAR PLAN TARGETS $200,000,000 IN ANNUAL REVENUE
Within five years, NuRan aims to operate 10,000 sites, generating $200 million in revenue and $100 million in EBITDA, spanning 15 countries across two continents.
The heart of NuRan’s mission lies in extending the reach of mobile network operators into remote areas where they’ve traditionally hesitated to invest. NuRan takes on the risk and responsibility to deploy comprehensive network infrastructure, from towers to power systems and radios, all managed under ten-year contracts with mobile operators. Think of NuRan as the essential left arm extending connectivity to the unconnected villages scattered across Africa and beyond.
APPROVAL OF $5M LOAN FACILITY
In a groundbreaking move towards advancing its Network-as-a-Service operations NuRAN Wireless has successfully navigated through an intensive two-month collaboration with its lender, culminating in the completion of all due diligence processes and the initiation of the definitive loan documentation phase.
What did Francis Letourneau, CEO of NuRAN Wireless have to say?
“This is a significant development in NuRAN’s financing strategy for its NaaS operations and is the culmination of much hard work by the lender’s and NuRAN’s team on completing the final due diligence and debt structuring. We are appreciative and thankful that our lenders are supporting our contracts to connect and empower the unconnected in Africa.”
Loan Highlights:
2-year tenor Facility, set to be drawn down over a maximum period of 12 months with a bullet principal repayment at maturity
Interest capitalized
Use of Funds:
Establishing new sites in Cameroon and the DRC, as well as other African countries
Can be utilized to refinance energy assets, covering material and build costs for new sites, further solidifying NuRAN’s commitment to connectivity initiatives in the region.
NuRAN Wireless is positioned for a transformative phase. As the demand for mobile and broadband connectivity in Africa rises, NuRAN stands at the forefront, ready to deploy an additional 800 sites. Watch the exclusive video interview for insights directly from CEO Francis Letourneau and discover why NuRAN’s vision is set to reshape the wireless infrastructure landscape in Africa.
Posted by Brittany McNabb
at 11:09 AM on Thursday, February 15th, 2024
In an era defined by environmental consciousness and the urgent need for sustainable solutions, Green River Gold emerges as a beacon of hope in the resource sector. With a strategic focus on responsible mining practices and a portfolio of high-potential projects, Green River Gold is poised to lead the charge in powering the green revolution. Here’s why the company is a compelling investment opportunity and one to watch in 2024.
Commitment to Sustainability
At the core of Green River Gold’s ethos lies a steadfast commitment to sustainability. Unlike traditional mining operations that prioritize profit over environmental impact, Green River Gold integrates cutting-edge technologies and best practices to minimize its carbon footprint and mitigate ecological harm. By prioritizing reclamation efforts, reducing waste, and embracing renewable energy sources, the company sets a new standard for environmentally responsible mining.
Strategic Portfolio
Green River Gold boasts a diverse portfolio of projects strategically positioned to capitalize on emerging market trends. From precious metals like gold and silver to critical battery metals like nickel and magnesium, the company’s assets span a spectrum of commodities essential for the transition to clean energy technologies.
Projects like the Quesnel Nickel Project and Fontaine Gold demonstrate Green River Gold’s foresight in identifying and developing high-potential resources. Additionally, the company’s proximity to existing infrastructure further enhances its competitive advantage, streamlining project development and reducing operational costs.
Innovative Exploration Techniques
Green River Gold’s success is underpinned by its innovative approach to exploration. By employing rigorous geological surveys and state-of-the-art exploration techniques, the company maximizes the efficiency and accuracy of its exploration efforts. Through meticulous analysis of geological data and targeted drilling campaigns, Green River Gold identifies promising mineral deposits with unprecedented precision, reducing exploration costs and accelerating project development timelines.
Strong Leadership and Expertise
Behind Green River Gold’s success is a team of seasoned professionals with decades of experience in the resource sector. Led by CEO Perry Little, a visionary leader with a proven track record of success, the company’s management team combines technical expertise with strategic vision to drive growth and innovation. With a deep understanding of industry dynamics and a commitment to excellence, Green River Gold’s leadership ensures the company remains at the forefront of the green revolution.
Powering the Green Revolution
As the world shifts towards renewable energy sources and electric vehicles, the demand for critical battery metals like nickel and magnesium is poised to soar. Green River Gold’s strategic focus on these essential commodities positions the company as a key player in the green revolution. By supplying the raw materials needed to manufacture clean energy technologies, Green River Gold plays a vital role in accelerating the transition to a sustainable future.
Conclusion
In conclusion, Green River Gold’s commitment to sustainability, strategic portfolio, innovative exploration techniques, and strong leadership make it a company to watch in 2024 and beyond. As the world grapples with the challenges of climate change and environmental degradation, Green River Gold stands as a shining example of how responsible mining practices can drive positive change.
With its unwavering dedication to sustainability, close proximity to infrastructure, and role in powering the green revolution, Green River Gold is poised to shape the future of the resource sector and contribute to a cleaner, greener world.
This record is published on behalf of the featured company or companies mentioned (Collectively “Clients”), which are paid clients of Agora Internet Relations Corp or AGORACOM Investor Relations Corp. (Collectively “AGORACOM”)
AGORACOM.com is a platform. AGORACOM is an online marketing agency that is compensated by public companies to provide online marketing, branding and awareness through Advertising in the form of content on AGORACOM.com, its related websites (smallcapepicenter.com; smallcappodcast.com; smallcapagora.com) and all of their social media sites (Collectively “AGORACOM Network”) . As such please assume any of the companies mentioned above have paid for the creation, publication and dissemination of this article / post.
You understand that AGORACOM receives either monetary or securities compensation for our services, including creating, publishing and distributing content on behalf of Clients, which includes but is not limited to articles, press releases, videos, interview transcripts, industry bulletins, reports, GIFs, JPEGs, (Collectively “Records”) and other records by or on behalf of clients. Although AGORACOM compensation is not tied to the sale or appreciation of any securities, we stand to benefit from any volume or stock appreciation of our Clients. In exchange for publishing services rendered by AGORACOM on behalf of Clients, AGORACOM receives annual cash and/or securities compensation of typically up to $125,000.
Facts relied upon by AGORACOM are generally provided by clients or gathered by AGORACOM from other public sources including press releases, SEDAR and/or EDGAR filings, website, powerpoint presentations. These facts may be in error and if so, Records created by AGORACOM may be materially different. In our video interviews or video content, opinions are those of our guests or interviewees and do not necessarily reflect the opinion of AGORACOM.
Posted by Paul Nanuwa
at 9:40 AM on Friday, February 9th, 2024
In today’s connected world, we often take high-speed internet access for granted, but for billions living in rural and remote regions, it remains an elusive dream. NuRan Wireless ($NUR / $NRRWF), a leader in mobile and broadband wireless infrastructure solutions, is changing that narrative. With a staggering $800 million in signed contracts over the next decade across seven countries, including partnerships with two of the world’s largest mobile network operators, NuRan is making waves in the telecommunications industry.
5 YEAR PLAN TARGETS $200,000,000 IN ANNUAL REVENUE
Within five years, NuRan aims to operate 10,000 sites, generating $200 million in revenue and $100 million in EBITDA, spanning 15 countries across two continents.
The heart of NuRan’s mission lies in extending the reach of mobile network operators into remote areas where they’ve traditionally hesitated to invest. NuRan takes on the risk and responsibility to deploy comprehensive network infrastructure, from towers to power systems and radios, all managed under ten-year contracts with mobile operators. Think of NuRan as the essential left arm extending connectivity to the unconnected villages scattered across Africa and beyond.
US$15 MILLION DEBT FINANCING
In a significant move, NuRAN Wireless announced a non-binding Letter of Intent for a substantial US$15M debt financing. This strategic financing, subject to due diligence and finalization, comes from a Development Financial Institution (DFI) and is poised to fuel NuRAN’s mission of expanding mobile and broadband wireless infrastructure solutions across Africa.
KEY HIGHLIGHTS:
Expansion Plans: The proposed debt financing, spanning a 7-year period with a 2-year grace period, is targeted at building an additional 800 sites within Africa, amplifying NuRAN’s impact on mobile and broadband connectivity.
Operational Milestone: The transition of a US$5M Mandate Letter into a term sheet signifies a concrete step forward, with operational, business, and commercial due diligence already completed, leaving only environmental and legal aspects pending.
Rural Connectivity Focus: NuRAN’s commitment to enhancing connectivity in underserved areas is underscored by the allocation of funds to build more rural and remote mobile sites within Africa, aligning with the company’s mission.
CEO SEES ACCELERATION THROUGH 2024 AND BEYOND
Francis Letourneau, CEO of NuRAN Wireless expressed enthusiasm about the recent developments,
“We have been looking for alternative sources for financing our site build in Africa since we launched this initiative. With over 4600 sites currently under contract, having access to various capital sources is imperative. With the recent stats from our current 79 live sites in Cameroon, NuRAN is gaining more confidence in the financing process with the expectation that site deployment will accelerate throughout 2024 and beyond.”
NuRAN Wireless is positioned for a transformative phase. As the demand for mobile and broadband connectivity in Africa rises, NuRAN stands at the forefront, ready to deploy an additional 800 sites. Watch the exclusive video interview for insights directly from CEO Francis Letourneau and discover why NuRAN’s vision is set to reshape the wireless infrastructure landscape in Africa.
Posted by AGORACOM
at 9:33 AM on Friday, July 26th, 2019
Cardston, Alberta–(Newsfile Corp. – July 26, 2019) – American Creek Resources Ltd.
(TSXV: AMK) (“the Company”) (“American Creek”) today announced that it
will be offering on a non-brokered private placement basis (“the
Offering”) up to 6,000,000 units (“Units”) at a price of $0.05 per Unit
for proceeds of $300,000 if the Offering is fully subscribed. Each Unit
will consist of one common share of the Corporation (“Common Share”) and
one non-transferrable Common Share purchase warrant (“Warrant”). Each
Warrant may be exercised for one additional Common Share at a price of
$0.06 for a period of 24 months from the closing date of the Offering.
The securities will be offered to qualified purchasers in reliance
upon exemptions from prospectus and registration requirements of
applicable securities legislation. A Finder’s Fee of 5% may be paid
associated with this financing.
Proceeds will be used for general operating purposes including the advancement of key assets in BC’s Golden Triangle.
This private placement is subject to approval by the TSX Venture Exchange.
American Creek Resources “CEO Verified” Discussion Forum on
AGORACOM to act as Primary Investor Social Media and Online Marketing
Platform
The Company is also pleased to announce the launch of a “CEO
Verified” Discussion Forum on AGORACOM. The forum will serve as the
Company’s primary social media platform to interact with both
shareholders and the broader investment community in a fully moderated
environment.
AGORACOM “CEO Verified” provides the first ever identity verification
of small cap executives on a finance platform, which will provide
American Creek Resources executives and shareholders with a trusted
online forum. There are no log-in requirements for investors to visit
the forum and read posts. Those wishing to post questions, comments and
interact with both company officers and other shareholders can quickly
log-in using their Facebook or LinkedIn accounts, or create an anonymous
new user account.
Darren Blaney, President and CEO Rob Edwards, CFO Kelvin Burton, Investor Relations
Darren Blaney, President and CEO stated, “Social media participation
is very important for growth companies such as ours and AGORACOM forums
are purpose built to facilitate intelligent discussion without the
nonsense that plagues other such sites. I encourage everyone to read and
participate in our CEO Verified Discussion Forum to create great,
vibrant and constructive interaction for the long term benefit of
everyone. “
George Tsiolis, AGORACOM Founder stated “Given the state of affairs
in the red hot Golden Triangle, American Creek executives will have a
lot to say and their shareholders are going to have a lot of questions
in the coming months. This CEO Verified Discussion Forum will provide a
home for trusted information, full transparency and civilized 24/7/365
interaction.”
In addition to the CEO Verified Forum, the Company will also receive
significant exposure through millions of content brand insertions on the
AGORACOM network, extensive search engine marketing and social media
engagement targeting the Golden Triangle over the next 12 months.
Sponsorships of digital properties such as AGORACOM TV, the AGORACOM home page and the AGORACOM Twitter account will serve to significantly raise the brand awareness of American Creek amongst small cap investors.
About AGORACOM
AGORACOM achieved a major milestone on February 28, 2019 surpassing
600 Million-page views (90% AGORACOM / 10% Twitter) from 7.7 Million
investors that visited 55.2 Million times. These milestones continue to
demonstrate that AGORACOM is the primary home for serious small cap
investors that want to discover their next great small cap company.
Shares for Services
The Company intends to issue common shares in the capital of the
Company (the “Common Shares”) to AGORA in exchange for the Services.
Pursuant to the terms of the Agreement, the Company will be issuing a
total fee of $45,000 (plus GST) in instalments over the next 12 months.
The number of Common Shares to be issued at the end of each period
will be determined by using the closing price of the Common Shares of
the Company on the Toronto Venture Exchange on the first trading day
following the end of each period for which the Services were provided by
AGORA.
The term of the Agreement is for 12 months effective July 15, 2019 and the agreement is subject to Exchange approval.
Image of mineralized zones on Treaty Creek located adjacent to Seabridge Gold’s KSM deposits.
With Eric Sprott’s latest $3,000,000 investment announced on Friday
he has now personally invested $4.5 million into the Treaty Creek Joint
Venture through its operator and 60% owner Tudor Gold. In a podcast
(also on Friday) Eric enthusiastically described the potential of the
Treaty Creek project when he made statements like:
“It’s drilling a monster play just like the GT Gold play”
“The last hole they announced, which was last year, was 563 meters of
1.08 gold.”
“It’s in the perfect logistical place to develop it. The
market cap of the company (Tudor) is like under $50 million and yet what
we’re shooting for is to define a 10 or 20-million-ounce discovery, so
you’re paying nothing for this discovery.”
“So that’s the sort of play that I like where man, if the
price of gold goes to $1,700 or $2,000 these plays will look so
economically viable and the stock will go up so much, and the analogy I
use is Seabridge back in 2000. I remember buying it at a dollar…and
Seabridge went from $1 to $35 dollars! That is what we are looking for –
a dollar to $35 dollars, set you up for life!”
American Creek Resources has a fully carried 20% interest (1/3 of
Tudors 60% interest) in the Treaty Creek Joint Venture and has a “free
ride” with no associated exploration/development costs until such time
as a production notice is given. This puts American Creek shareholders
in an extremely favorable leveraged position, especially considering the
other exceptional properties it owns including two more in BC’s Golden
Triangle. American Creek is presently valued at, and is trading at less
than 1/3 of Tudor’s present value (Treaty Creek being Tudor’s focus and
flagship property), offering an even more leveraged opportunity at the
moment.
The Goldstorm zone at Treaty Creek has the potential to be a world
class gold deposit with lower costs and far better logistics than
Seabridges’ adjacent KSM. According to Sprott, Seabridge set a lot of
people up for life and the opportunity for something similar by “paying
nothing for the discovery” is right here, right now.
Click the link below for the Sprott podcast. Tudor/Treaty Creek are
discussed beginning at about the 10:07 mark….but we suggest you listen
to the whole thing as Eric describes the present gold/silver market in
general.
American Creek is a Canadian junior mineral exploration company with a
strong portfolio of gold and silver properties in British Columbia.
Three of those properties are located in the prolific “Golden Triangle”;
the Treaty Creek and Electrum joint venture projects with Tudor
Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.
The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample
Goldmax, Silver Side, and Glitter King properties located in other
prospective areas of the province.
For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com
Posted by AGORACOM
at 3:55 PM on Wednesday, July 3rd, 2019
Gratomic aims to penetrate the tire market with GUET: Graphene Ultra Fuel Efficient Tires
The global tire market acknowledges that employing graphenes within tire treads, walls and the inner linings can make tires lighter, provide better grip and reduce rolling resistance to an extent that is not possible with existing tire compounds
Key to the ability for Gratomic to establish the first mass-market Mine to Graphene to Tire, is the production of large quantities of graphenes nano surface modified to enhance tire performance
Gratomic is developing and commercializing its Graphene Processing capacity in Wales through its partnership with Perpetuus carbon technologies.
Soft launching Gratomic Fuel Efficient Tire this summer.
Gratomic also prepared an additional 2 tonnes of Graphite concentrate for Wales for convert into high quality Graphenes targeted for the use and development of several high value Graphene applications.
Posted by AGORACOM
at 1:31 PM on Thursday, December 6th, 2018
Phase 2 identified 30 epithermal veins that remain open at depth and along strike
1000m to the northeast lies the SG3 target area, which is a feeder system type target.
Plan to drill deeper into the vein system to look for the boiling point in epithermal veins
Vancouver, British Columbia–(Newsfile Corp. – December 6, 2018) – Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) is pleased to provide an update on exploration plans for its Tabasquena project near Ojocaliente, Mexico. Based on the phase 2 drilling program, and historical work completed by the geological survey of Mexico, a dual track drilling program is being planned.
The recently completed drilling in phase 2, has identified a series of epithermal veins (more than 30), which have only been drilled above the boiling point and remain open at depth and along strike. Approximately 1000 metres to the northeast, the SG3 target area, is a structural intersection mapped and sampled by the geological survey of Mexico which is a feeder system type target.
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “Now that we have established that there is a large cluster of epithermal veins at Tabasquena, we are also eager to explore for feeder system type targets. Our plan to drill deeper into the vein system to look for the boiling point in our epithermal veins, combined with stepping out into other areas of the property gives us a good chance to open things up.
“Past work by the geological survey of Mexico, at the SG3 target area, has mapped a key structural intersection to the northeast of the vein system and a coincident gold anomaly.
“The more work we do on the property, the more it becomes clear that we are looking at a large epithermal vein system, and other compelling targets on the project. We are looking forward to more drilling to test these targets in our phase 3 drilling.”
Julio Pinto Linares is a QP, Doctor in Geological Sciences with specialty in Economic Geology and Qualified Professional No. 01365 by MMSA., for Advance Gold and is the qualified person as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.
Other News
The Company is cancelling the previously announced, see November 2/2018 news release, private placement. It proposes to undertake a non-brokered private placement of units at a price of $0.06 (6 cents) per unit for gross proceeds of up to $300,000. Each unit shall consist of one common share in the capital of the company and one common share purchase warrant.
Each warrant shall entitle the holder to purchase one common share at a price of $0.08 (8 cents) per share at any time within 24 months of the date of issuance. All securities to be issued under this private placement will be subject to a four-month resale restriction.
The company intends to close the private placement immediately following the satisfaction of customary closing conditions, including receipt of all regulatory approvals. There are no material facts or material changes relating to the company that have not been previously disclosed.
Advance Gold will use the net proceeds of this private placement for general corporate purposes and to advance its Tabasquena silver project in Zacatecas, Mexico.
About Advance Gold Corp. (TSXV: AAX)
Advance Gold is a TSX-V listed junior exploration company focused on acquiring and exploring mineral properties containing precious metals. The Company acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018.
The Tabasquena project is located near the Milagros silver mine near the city of Ojocaliente, Mexico. Benefits at Tabasquena include road access to the claims, power to the claims, a 100-metre underground shaft and underground workings,plus it is a fully permitted mine.
Venaditas is well located adjacent to Teck’s San Nicholas mine, a VMS deposit, and it is approximately 11km to the east of the Tabasquena project, along a paved road.
In addition, Advance Gold holds a 14.5% interest on strategic claims in the Liranda Corridor in Kenya, East Africa. The remaining 85.5% of the Kakamega project is held by Acacia Mining (63% owned by Barrick Gold).
For further information, please contact:
Allan Barry Laboucan,
President and CEO
Phone: (604) 505-4753
Email: [email protected]
Posted by AGORACOM
at 9:16 AM on Monday, June 25th, 2018
Collected a bench scale metallurgical sample of tungsten bearing vein material from its South Quarry Tungsten Property
Sample processed utilizing ore sorting technologies to evaluate viability of processing the tungsten bearing veins on the Property.
The Property hosts tungsten mineralization in multiple areas, including high grade pegmatite veins in the area of two quarries in the northern region of the Property
Vancouver, British Columbia (FSCwire) – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company†or “Great Atlanticâ€) is pleased to announce it has collected a bench scale metallurgical sample of tungsten bearing vein material from its South Quarry Tungsten Property, located in east-central Newfoundland. The sample will be processed utilizing ore sorting technologies to evaluate the viability of such technologies for processing the tungsten bearing veins on the Property. The Property hosts tungsten mineralization in multiple areas, including high grade pegmatite veins in the area of two quarries in the northern region of the Property. Previous grab samples collected by Great Atlantic from the two quarries exceeded 1% WO3 with some samples exceeding 5% WO3 (News Release of November 19, 2015).
To view the graphic in its original size, please click here
Tungsten bearing pegmatite veins occur in the northern region of the property including at a quarry referred to as the South Quarry and an adjacent smaller quarry. The veins were first reported in the area of these quarries during the 1980s. Great Atlantic confirmed high grade tungsten mineralization (scheelite) in veins in rubble and bedrock at the two quarries during 2015 (News Release of November 19, 2015). Eleven rubble grab samples exceeded 5% WO3 (W % x 1.26 equals WO3%). A 20 cm long channel sample along a 15cm wide vein in the small quarry returned 2.96% WO3 while a grab sample from a 0.25 meter wide vein in the South Quarry returned 11.94% WO3.
Great Atlantic recently collected a bench scale sample of tungsten bearing vein material from the South Quarry for preliminary metallurgical studies. The sample will be processed utilizing ore sorting technologies to evaluate the viability of such technologies for processing the tungsten bearing veins on the Property. Great Atlantic is currently discussing ore sorting options with various processing companies.
Tungsten Bearing Pegmatite Veins at South Quarry
To view the graphic in its original size, please click here
A qualified person verified the 2015 sample data. The qualified person supervised the 2015 sampling. The 2015 samples (and lab-inserted blank, duplicate and standard samples) were analyzed at ALS Minerals in Sudbury, Ontario (ALS Minerals is independent of Great Atlantic Resources). Tungsten analysis was by lithium metaborate fusion followed by acid dissolution and ICP-MS analysis with some samples re-analyzed by XRF.
South Quarry
To view the graphic in its original size, please click here
Tungsten bearing vein cutting metasediment rubble at South Quarry
To view the graphic in its original size, please click here
The company is also planning diamond drilling during 2018 on the South Quarry Property. The Company has received a permit to drill five holes in the northern region of the Property in an area where 2016 trenching exposed tungsten bearing veins.
The South Quarry Property covers an area of 3,600 hectares. Access to the property is excellent with a paved road transecting the property.
Christopher R. Anderson, President, CEO and Director, stated, “Mr. Martin and Myself were an integral part of the initial Management team that advanced the Sisson Tungsten-Molybdenum Project in New Brunswick, an advanced stage project currently operated by Northcliff Resources Ltd. We understand the tungsten market and feel that the South Quarry Tungsten Property, although early stage, has the ear marks of being a significant asset for the company.
Currently Great Atlantic has two Joint Venture partners and we would be happy to welcome a third to assist in advancing the South Quarry Tungsten Project.â€
David Martin, P.Geo., a Qualified Person as defined by NI 43-101 and VP Exploration for Great Atlantic, is responsible for the technical information contained in this News Release.
About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.
On Behalf of the board of directors
“ Christopher R Anderson â€
Mr. Christopher R Anderson “Always be positive, strive for solutions, and never give up”
Posted by AGORACOM
at 10:05 AM on Thursday, May 31st, 2018
Cash payment of $25,000 and issuance of 75,000 shares upon signing a definitive agreement (Paid and Issued);
Issue $50,000 in shares on the 12-month anniversary of the definitive agreement; the number of shares to be issued will be based on the 10 day VWAP immediately prior to the anniversary date; and
Explorex will incur a total expenditure of $750,000 (including all underlying payments) over a period of 4 years; of which $100,000 will be a firm commitment on or before the first anniversary of the definitive agreement.
Vancouver, British Columbia (FSCwire) – GREAT ATLANTIC RESOURCES CORP. (TSXV.GR) (the “Company†or “Great Atlanticâ€) is pleased to announce that Explorex Resources Inc (CSE-EX) has executed the Option Agreement to acquire a 75% interest in the Kagoot Brook Cobalt Project in New Brunswick (“Kagoot Brookâ€) from Great Atlantic. Furthermore, Explorex is planning to perform a comprehensive exploration program this summer.
Option Agreement
The Kagoot Brook property, is 100% owned by Great Atlantic and is subject to an underlying agreement with a prospecting syndicate. Â The agreement to acquire a 75% interest in the Project is subject to the following terms:
Cash payment of $25,000 and issuance of 75,000 shares upon signing a definitive agreement (Paid and Issued);
Issue $50,000 in shares on the 12-month anniversary of the definitive agreement; the number of shares to be issued will be based on the 10 day VWAP immediately prior to the anniversary date; and
Explorex will incur a total expenditure of $750,000 (including all underlying payments) over a period of 4 years; of which $100,000 will be a firm commitment on or before the first anniversary of the definitive agreement.
Upon earning 75% of the project, the parties will enter into a joint venture.  The terms will provide for a pro-rata dilution such that should Great Atlantic’s interest drop below 5%, it will revert to a 3% NSR.  Explorex will retain the right to buyback 2 percentage points at $ 1 million for each 1%, or portion thereof. Should Great Atlantic seek to sell any portion of the remaining NSR, Explorex will retain a first right of refusal.
For additional details on the Kagoot Brook Project refer to Company news release dated February 14, 2018 or visit the Company’s website at www.greatatlanticresources.com
About Great Atlantic Resources Corp.: Great Atlantic Resources Corp. is a Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada,. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold.
