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Dinero Ventures Completes Acquisition of Mineral Claims Pursuant to Property Purchase and Assignment Agreements
Stewart, British Columbia--(Newsfile Corp. - March 17, 2026) - Dinero Ventures Ltd. (TSXV: DNO) (the "Company") is pleased to announce that, further to its news
About this update from Dinero Ventures Ltd
[{"type":"text","content":" Stewart, British Columbia--(Newsfile Corp. - March 17, 2026) - Dinero Ventures Ltd. (TSXV: DNO) (the \"Company\") is pleased to announce that, further to its news release dated February 2, 2026, it has acquired an interest in certain mineral claims known as the Mount Bisson property (the \"Property\") pursuant to a property purchase agreement dated February 2, 2026 (the \"Purchase Agreement\") with Red Eye Resources Ltd. (\"Red Eye\"). The Property is comprised of eleven mineral claims located in British Columbia, Canada in the Omineca Mining Division. The Company has acquired a 100% interest from Red Eye in ten of the mineral claims comprising the Property pursuant to the Purchase Agreement, and has acquired Red Eye's interest in the remaining claim comprising the Property pursuant to the Assignment Agreement (as defined below). As consideration for the Property, the Company has issued 1,953,641 common shares in the capital of the Company (the \"Common Shares\") to Red Eye at a deemed price of $0.12 per Common Share, which is inclusive of 250,000 Common Shares payable by the Company to Red Eye pursuant to the Assignment Agreement. In connection with the Purchase Agreement, the Company has assumed Red Eye's obligation to pay a 1% net smelter return royalty pertaining to four claims comprising the Property. In connection with the acquisition of the Property, the Company entered into an assignment and assumption agreement dated February 2, 2026 (the \"Assignment Agreement\") with Red Eye and Glen Prior (the \"Optionor\") to assume all of Red Eye's rights and obligations pursuant to an option agreement dated September 1, 2023 between Red Eye and the Optionor. Pursuant to the Assignment Agreement, the Company was assigned an option to acquire a 100% interest in one of the mineral claims comprising the Property (the \"Option\"). In order to exercise the Option, the Company must pay the Optionor an aggregate total of $20,000 in cash consideration payable in annual installments of $10,000. In connection with the Assignment Agreement, the Company will assume Red Eye's obligation to pay a 1.5% net smelter return royalty pertaining to the Option claim, payable to the Optionor upon commencement of commercial production (of which, 1% of the net smelter return royalty may be purchased for $1,000,000 anytime before the commencement of commer...