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Apogee Minerals Announces Amendment to Option Agreement for Pine Channel Property
Vancouver, British Columbia, July 14, 2023 (GLOBE NEWSWIRE) -- Apogee Minerals Ltd. (“Apogee” or the “Company” or the “Optionee”) (TSXV: APMI) has amended the o
About this update from Apogee Minerals Ltd
[{"type":"text","content":" Vancouver, British Columbia, July 14, 2023 (GLOBE NEWSWIRE) -- Apogee Minerals Ltd. (“Apogee” or the “Company” or the “Optionee”) (TSXV: APMI) has amended the option agreement (the “Agreement”) with Eagle Plains Resources Ltd. (the “Optionor”) for the Pine Channel Property (or the “Property”). Under the amended terms of the Agreement, Apogee has been granted an extension on the due date of the $50,000 cash payment and the exploration expenditures on the Property of $500,000 from June 30, 2023, to June 30, 2024. The remaining exploration expenditure amounts over the course of the option will remain the same. In consideration of the amendment, Apogee shall issue the Optionor 150,000 common shares within three (3) business days of receipt of TSX Venture Exchange approval of this amendment. All the other terms and conditions of the Agreement remain unchanged. The shares issued shall be subject to a statutory hold period of four months and one day from issuance. About Apogee Minerals Ltd.: Apogee Minerals Ltd. is a mineral exploration company. Our goal is to build shareholder value through mineral project acquisitions and advancement, as well as new mineral discoveries. To find out more about Apogee Minerals Ltd. (TSX-V: APMI) visit the Company’s website: www.apogeemineralsltd.com Apogee Minerals Ltd. “Jim Pettit” James PettitCEO and Director For further information, please contact: Apogee Minerals Ltd. Riley Trimble, DirectorEmail: [email protected] Tel: (604) 416-2978 Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Statements Regarding Forward-Looking Information This news release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the structure of the Proposed Transaction, the terms and conditions of the Proposed Transaction, the Consolidation, the Name Change, the terms of the Financing. the composition of the board of directors and officers of the Resulting Issuer upon completion of the Proposed Transaction, the intention of the parties to seek a sponsorship exemption or waiver, the issuance of subsequent news releases, and Alto...