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Ophir Announces Sale of Remaining Interest in the Daniel's Harbour Claims to Ubique Minerals for 3.8 Million Shares
Vancouver, British Columbia--(Newsfile Corp. - September 6, 2023) - Ophir Gold Corp. (TSXV: OP...
About this update from Ophir Metals Corp
[{"type":"text","content":"Ophir Announces Sale of Remaining Interest in the Daniel's Harbour Claims to Ubique Minerals for 3.8 Million SharesVancouver, British Columbia--(Newsfile Corp. - September 6, 2023) - Ophir Gold Corp. (TSXV: OPHR) (OTCQB: KPZIF) (FSE: 80M) (\"Ophir\" or the \"Company\") is pleased to announce that it has entered into a Mineral Claim Purchase Agreement (\"Agreement\") with Ubique Minerals Ltd. (\"Ubique\") to sell Ophir's remaining interest in its non-core Daniel's Harbour Claims in Newfoundland.Under the terms of the Agreement, Ubique has agreed to purchase 100% interest in certain mineral mining claims located in Daniel's Harbour, Newfoundland Canada (the \"Claims\") from Ophir. The Claims are part of the option agreement announced between the companies on February 14, 2019, wherein previously Ubique had the option to earn up to a 70% interest in the Claims.The transaction will be executed on an \"as is, where is\" basis, acknowledging the existing state, condition, and location of the Claims as of the Closing Date. In return for a 100% interest in the Claims, Ubique will issue 3,800,000 ordinary shares (the \"Consideration Shares\") to Ophir. The Closing Date for the transaction is anticipated to occur at 10:00 a.m. Vancouver time on the second business day after the Effective Date, subject to the fulfillment of the Agreement's terms and conditions. About the CompanyOphir Gold Corp. is a diversified mineral exploration company focused on the exploration and development of the Radis Lithium Property in the James Bay, Quebec, and the past producing Breccia Gold Property located in Lemhi County, Idaho. The Company holds an option to earn a 100% interest in the Radis Property over a three-year period from Eastmain Resources Inc., a wholly owned subsidiary of Fury Gold Mines Limited, and an option to earn a 100% interest in the Breccia Property over a three-year period from Canagold Resources Ltd. and DG Resource Management Ltd.On behalf of the Board of Directors\"Shawn Westcott\"Ophir Gold Corp.For further information, please contact:Shawn Westcott, CEOPhone 1 (604) 365 [email protected] the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Cautionary NoteThe informa...