Business
Canadian Silver Hunter Announces Execution of Agreement to Sell Lost Dog Property
Toronto, Ontario--(Newsfile Corp. - August 22, 2023) - Canadian Silver Hunter Inc. (TSXV: AGH.H) ...
About this update from Canadian Silver Hunter Inc.
[{"type":"text","content":"Canadian Silver Hunter Announces Execution of Agreement to Sell Lost Dog PropertyToronto, Ontario--(Newsfile Corp. - August 22, 2023) - Canadian Silver Hunter Inc. (TSXV: AGH.H) (\"CSH\") is pleased to announce that it has entered into an agreement (the \"Agreement\") with 15083974 Canada Inc. (\"CAN\") on August 15th 2023, for the sale by CSH of a group of 45 mining claims totaling approximately 1300 hectares, located in Denton Township, West Timmins Ontario, known as the \"Lost Dog\" property (the \"Property\").Terms of the Sale Pursuant to the Agreement, in consideration for the transfer of a 100% registered and beneficial interest in the Property from CSH to CAN, CAN will make a cash payment to CSH of $165,000. CSH will retain a 1% royalty on net smelter returns payable from future commercial production from the Property. Additionally, CAN will grant to Timothy Towers a 2% royalty on net smelter returns payable from future commercial production from the Property.The Agreement remains subject to CSH exercising in full its option to acquire the Property pursuant to the option agreement with Timothy Towers dated October 23, 2020, as amended, by making a cash payment of $40,000 and issuing 500,000 shares to Timothy Towers, subject to the approval of the TSX Venture Exchange. About Canadian Silver Hunter, Inc.Canadian Silver Hunter Inc. is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold, silver, cobalt, nickel and copper properties in Ontario and Quebec. For more information, please contact:Jeffrey Hunter, President & Chief Executive OfficerTelephone: (416) 707-4230 [email protected] www.canadiansilverhunter.caReader AdvisoryThis news release contains statements that constitute \"forward-looking information,\" including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words \"may,\" \"would,\" \"could,\" \"will,\" \"intend,\" \"plan,\" \"anticipate,\" \"believe,\" \"estimate,\" \"expect,\" \"must,\" \"next,\" \"propose,\" \"new,\" \"potential,\" \"prospective,\" \"target,\" \"future,\" \"verge,\" \"favourable,\" \"implications,\" and \"ongoing,\" and similar expressions, as they relate to the Company or its management, are intended t...