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Rokmaster Resources and Kootenay Resources Announce Signing of Definitive Option Agreement
Rokmaster Resources and Kootenay Resources Announce Signing of Definitive Option Agreement ...
About this update from Kootenay Resources, Inc.
[{"type":"text","content":"\n \n \n \n Rokmaster Resources and Kootenay Resources Announce Signing of Definitive Option Agreement\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\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 June 13, 2024\n \n \n /CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB: RKMSF) (FSE: 1RR1) (\"Rokmaster\" or \"RKR\") and Kootenay Resources Inc. (TSXV: KTRI) (\"Kootenay Resources\" or \"KTR\") are pleased to announce that further to their joint news release dated\n \n May 15, 2024\n \n , Rokmaster and Kootenay Resources have entered into a definitive option agreement (the \"Option Agreement\") with respect to the road accessible Fox-Coconut and Mystery Properties, which are both located south of Highway 16 between\n \n Prince George\n \n and\n \n Smithers\n \n in west-central British Columbia (collectively, the \"Properties\") (\n \n Figure 1\n \n ).\n \n \n \n \n \n \n \n \n \n \n Terms of the Option Agreement:\n \n \n \n For RKR to be granted the option to acquire a 60% interest in the Properties, RKR must:\n \n \n \n Incur\n \n $142,000\n \n of exploration work on the Properties prior to\n \n September 18, 2024\n \n ;\n \n \n Commencing on the first anniversary date of the Option Agreement, issuing to KTR 500,000 common shares of RKR each year on or before each of the first, second, third and fourth anniversary dates of the Option Agreement; and\n \n \n On or prior to the fourth anniversary date of the Option Agreement, RKR having completed a total of 10,000 metres of diamond drilling on any or all of the Properties.\n \n \n \n Once Rokmaster has acquired the initial 60% interest, (the \"Initial Interest\"), KTR would grant RKR an exclusive option (the \"Second Option\") to acquire the remaining 40% interest in the Properties (the \"Second Int...