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CULICO METALS INC. COMPLETES INVESTMENT INTO AMERICAS GOLD AND SILVER CORPORATION
CULICO METALS INC. COMPLETES INVESTMENT INTO AMERICAS GOLD AND SILVER CORPORATION Canad...
About this update from Culico Metals Inc.
[{"type":"text","content":"\n\n\n\n\n CULICO METALS INC. COMPLETES INVESTMENT INTO AMERICAS GOLD AND SILVER CORPORATION\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 TORONTO\n \n\n ,\n \n\n Nov. 12, 2024\n \n\n /CNW/ - Culico Metals Inc. (TSXV: CLCO) (\"\n \n Culico\n \n \", or the \"\n \n Corporation\n \n \"), a TSXV Sandbox issuer, is pleased to announce a strategic equity investment of\n \n C$4,000,000\n \n (the \"\n \n Investment\n \n \") into Americas Gold and Silver Corporation (\"\n \n AGSC\n \n \"), a precious metals company with two operations: the Galena Complex in\n \n Idaho, USA\n \n and Cosalá in\n \n Sinaloa, Mexico\n \n .\n \n\n\n\n\n\n\n\n\n Culico has invested\n \n C$4,000,000\n \n in exchange for 10,000,000 common shares of AGSC (the \"\n \n Purchased Shares\n \n \") at a price of\n \n C$0.40\n \n per Purchased Share. The Purchased Shares are subject to a four-month plus one day hold period from the date of issuance, and the Investment is subject to the final acceptance of the TSX Venture Exchange (the \"\n \n TSXV\n \n \").\n \n\n Culico is currently listed pursuant to the TSXV Sandbox, and will remain so until, among other things, Culico has deployed at least\n \n C$4,663,000.00\n \n to at least two qualifying investments that are satisfactory to the TSXV. Following the completion of the Investment, Culico is now required to deploy at least\n \n C$663,000\n \n to at least one more qualifying investment prior to\n \n August 14, 2025\n \n . Investors are advised to read the Corporation's news release dated\n \n August 14, 2024\n \n for more information regarding the waivers granted in connection with the Corporation's listing, details on the listing conditions imposed on the Corporation, the exit conditions the Corporation must meet in order to exit TSXV Sandbox, and any consequences if the Corporation does not meet these exit conditions.\n \n\n\n About Culico Metals Inc.\n \n\n\n Culico is a company focused on creating value in the mineral exploration, development and production sector. Culico's current assets include a 1% lithium roya...