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Monumental Gold Corp. Receives TSX Venture Exchange Approval for Assignment and Assumption Agreement With Discovery Silver Corp. To Acquire Jemi Rare Earth Elements Project
Monumental Gold Corp. Receives TSX Venture Exchange Approval for Assignment and Assumptio...
About this update from Monumental Energy Corp.
[{"type":"text","content":"\n \n \n \n Monumental Gold Corp. Receives TSX Venture Exchange Approval for Assignment and Assumption Agreement With Discovery Silver Corp. To Acquire Jemi Rare Earth Elements Project\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 VANCOUVER, BC\n \n ,\n \n Nov. 1, 2021\n \n /CNW/ - Monumental Gold Corp. (\"\n \n Monumental\n \n \" or the \"\n \n Company\n \n \") (TSXV: MGLD) is pleased to announce that further to its\n \n September 24, 2021\n \n news release, the TSX Venture Exchange (the \"\n \n Exchange\n \n \") has approved the Company's assignment and assumption agreement (the \"\n \n Assignment\n \n \n Agreement\n \n \") with Discovery Silver Corp. (TSXV: DSV) (\"\n \n Discovery\n \n \") dated\n \n September 22, 2021\n \n , amended\n \n October 7, 2021\n \n , whereby Discovery has agreed to transfer and assign its rights and obligations under the Jemi Option Agreement (as defined below) to Monumental (the \"\n \n Assignment\n \n \"). Discovery, through its wholly-owned Mexican subsidiary Discovery Metals S.A. de C.V. (the \"\n \n Discovery Subsidiary\n \n \"), entered into a mineral exploration and option to purchase agreement with\n \n Jesus Miguel Hernandez Garza\n \n and\n \n Juan Reynaldo Elizondo Falcon\n \n (the \"\n \n Vendors\n \n \") dated\n \n May 15, 2017\n \n , as amended\n \n June 30, 2021\n \n (the \"\n \n Jemi Option Agreement\n \n \"), whereby Discovery Subsidiary has an option to acquire a 100% interest in six (6) mineral concessions comprising approximately 3,560 hectares located in the Ocampo municipality of Coahuila State,\n \n Mexico\n \n (the \"\n \n Property\n \n \") from the Vendors.\n \n \n \n \n \n \n \n \n \n \n Highlights of the Proposed Acquisition\n \n \n \n Pursuant to the Assignment Agreement, in consideration for the assignment and assumption of the Jemi Option Agreement, Monumental must, within three (3) business days of the date on which the Company receives the final approval of the Assignment Agreement by the TSX Venture Exchange (the \"\n \n Exchange\n \n \") (the \"\n \n Excha...