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Astra Executes Definitive Agreement to Acquire SQM's Remaining 20% Interest in the Pampa Paciencia Gold Project in Northern Chile
Astra Executes Definitive Agreement to Acquire SQM's Remaining 20% Interest in the Pampa ...
About this update from Astra Exploration Inc
[{"type":"text","content":"\n \n \n \n Astra Executes Definitive Agreement to Acquire SQM's Remaining 20% Interest in the Pampa Paciencia Gold Project in Northern Chile\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Nov. 3, 2022\n \n \n /CNW/ - Astra Exploration Inc. (TSXV: ASTR) (OTCQB: ATEPF) (\"Astra\" or the \"Company\") is pleased to announce that it has entered into a definitive purchase agreement (the \"Purchase Agreement\") with Sociedad Quimica y Minera de Chile S.A. (the \"Seller\") with respect to the acquisition of a 20% interest and title to the Pampa Paciencia project located in\n \n Northern Chile\n \n (the \"Pampa Paciencia Property\"). Astra Exploration Inc. currently owns the remaining 80% interest in the Pampa Paciencia Property.\n \n \n \n \n \n \n \n \n \n CEO Brian Miller Commented: \"The strategic expansion and acquisition of SQM's remaining 20% stake in the Pampa Paciencia project is an extremely positive development for Astra Exploration.  Acquiring the remaining 20% interest enables Astra to control 100% of critical prospective ground and expands our strategic foothold in this emerging epithermal district of\n \n Northern Chile\n \n . This is a major milestone for Astra and our shareholders.\"\n \n \n Pursuant to the Purchase Agreement dated\n \n November 2\n \n \n nd\n \n , 2022, the Company will acquire the 20% interest in the Pampa Paciencia Project held by the Seller for total consideration of the issuance to the Seller of 1,455,208 common shares in the capital of the Company (the \"Consideration Shares\") at a deemed value of\n \n $174,625\n \n based on the Company's closing price of\n \n $0.12\n \n per share on\n \n November 2\n \n . The closing of the transaction contemplated by the Purchase Agreement remains subject to approval of the TSX Venture Exchange. The Consideration Shares will be subject to a four month hold period pursuant to applicable securities laws.\n \n \n \n About Pampa Paciencia\n \n \n \n Pampa Paciencia is a 3,840 hectare road-access low sulphidation epithermal...