Business
First Energy Metals Enters Binding Letter of Intent and Announces Changes to its Board of Directors
VANCOUVER, Oct. 7, 2019 /CNW/ - First Energy Metals Ltd. (CSE: FE) (the "Company) is pleased to announce that it has entered into a binding Letter of Intent ("L
About this update from Linear Minerals Corp.
[{"type":"text","content":" VANCOUVER, Oct. 7, 2019 /CNW/ - First Energy Metals Ltd. (CSE: FE) (the \"Company) is pleased to announce that it has entered into a binding Letter of Intent (\"LOI\") with Muzhu Mining Ltd. (\"Muzhu\") a private corporation incorporated in British Columbia, to acquire all of its issued and outstanding shares (the \"Transaction\"), subject to the following conditions being met: Completion of a 43-101compliant report on the Xiao Wa Gou Property. Completion of a debt or equity financing, of which terms will be announced in a subsequent news release. Further details of the Transaction will be provided on or prior to completion of the above conditions and closing of the Transaction is subject to obtaining all required approvals, including the CSE and shareholder approval if required. In addition, the Company is pleased to announce it has appointed Mr. Craig Alford to its Board of Directors. (the\" Board\") Concurrently, Mr. Muzaffar Sultan has resigned from the Board to focus on other business ventures. We thank Mr. Sultan for his contribution to the Company and wish him well in his future endeavors. Mr. Alford is a professional Geoscientist with over 33 years of experience in mineral exploration and development. Throughout his career he has managed large exploration projects in North and South America, several Central Asian Republics, Russia, Australia and Africa. This experience has included independent consulting assignments, and positions within the management of major and junior company exploration companies. More recently, Mr. Alford was the Deputy General Manager for one of China's largest mining companies, Zijin Mining Group of China, whereby his sole responsibility was to identify and assess projects for M & A. During his tenure there Mr. Alford met and negotiated with several Heads of State and many executives in the mining communities of China, Canada, Central Asia, Africa and Australia. During his time with Zijin several successful partnerships and acquisitions were made by his division, specifically; the Kamoa Copper project with Ivanhoe Mines; the Porgera project with Barrick; the Taldybulak Mine in Kyrgyzstan and the Paddington Gold Mine in Western Australia. Mr. Alford holds both an Honours Bachelor of Science and a Master of Science in Geology and is a Qualified Person under Canadian National Instrument 43-101....