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Canada Silver Cobalt Increases its Land Package with Acquisition at Graal Property in Northern Quebec from Soquem Inc. & MINES COULON INC.
(TheNewswire) Coquitlam, BC – TheNewswire - November 22, 2021 ...
About this update from Nord Precious Metals Mining Inc.
[{"type":"text","content":"Canada Silver Cobalt Increases its Land Package with Acquisition at Graal Property in Northern Quebec from Soquem Inc. & MINES COULON INC.\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Coquitlam, BC –\n \n \n TheNewswire\n-\n \n \n November 22, 2021 - Canada Silver Cobalt Works\nInc.\n \n \n (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B)\n(the \"Company\" or \"Canada Silver Cobalt\") is\npleased to announce that an acquisition agreement for 100% ownership\nof the 16\n \n \n Chute-des-Passes Property\n \n \n claims jointly owned by\n \n \n SOQUEM\nINC.\n \n \n (50% ownership) and\n \n \n MINES COULON INC.\n \n \n (50% ownership)\n \n \n has been signed. The property is adjacent and\nnortheast of the Graal-Nourricier-Lac Suzanne property in the Lac\nSt-Jean region of Quebec where the ongoing drill program is located.\n \n \n \n \n The company intends to quickly adjust and expand it’s\ndrill permits as the drill program is already in progress with 2\ndrills on the Graal property. The 16 new claims cover an area of\n888.56 hectares. The agreement is for the acquisition of 100% of the\nChute des Passes property in return of payment of $10,000 in cash and\neach company will retain a NSR as described below:\n \n \n \n \n Royalties SOQUEM & COULON:\n \n \n \n \n (i) In consideration for the sale of its interest in\nthe Chute-des-Passes Property, the Company grants SOQUEM the right to\nreceive a royalty of 0.5% of the net smelter return (NSR) on the\nChute-des-Passes Property (the Soquem Royalty), half of which is\nredeemable for an amount of $ 125,000.\n \n \n \n \n (ii) In return for the transfer of its interest in the\nChute-des-Passes Property, the Company grants Mines Coulon the right\nto receive a royalty of 0.5% of the net smelter income (net smelter\nreturn or NSR) on the Chute-des-Passes Property (the Coulon Royalty),\nhalf of which is redeemable for an amount of $ 125,000.\n \n \n \n \n Existing Royalty means the royalty on the net income of\nthe smelter of 1% in favor of the Fond Minier Du\nSaguenay-Lac-Saint-Jean, of which 0.5% is redeemable for $ 500,000.\nThe total Royalties on the property is 2% where 1% is redeemable for\nthe sum of $750,000 between the different parties.\n \n \n \n \n The claim numbers included with the acquisition are:\nCDC-2377582, 2377583, 2377584, 2377585, 2377586, 2377587, 2377588,\n237...