Pinnacle Provides Further Details for El Potrero Finder's Fee

About this update from Pinnacle Silver And Gold Corp

[{"type":"text","content":"Pinnacle Provides Further Details for El Potrero Finder's Fee\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n VANCOUVER, BRITISH\nCOLUMBIA, December 9, 2025 –\n \n\n\n\n TheNewswire\n-\n \n\n\n\n (TSXV:\nPINN, OTC: PSGCF, Frankfurt: P9J) –\n \n\n\n\n Pinnacle Silver and Gold\nCorp.\n \n\n\n (\"\n \n\n Pinnacle\n \n\n \" or the\n“\n \n\n Company\n \n\n \") is pleased to announce that it has received\nconditional TSX Venture Exchange (\n \n\n “TSXV”\n \n\n or\n \n\n “the Exchange”\n \n\n ) approval for\n \n\n all Finder’s Fee\nshares associated with the staged option of the high-grade El Potrero\ngold-silver project in Durango, Mexico.\n \n\n\n\n Further to Pinnacle\n \n\n\n\n news release of February\n24, 2025\n \n\n\n\n ,\n \n\n a\nFinder’s Fee of 4% of the measurable benefit of each installment\npayment will be paid to Juan Jose Camacho, who is arm’s length to\nthe issuer and the vendor, corresponding to the payment schedule\noutlined in the Definitive Agreement (the\n \n\n “DA”\n \n\n ), in\naccordance with TSXV Policy 5.1.  In total, the Exchange has\nconditionally approved the issuance of 191,580 Finder’s Fee shares.\n Up to US$298,000 in total cash payments may also be made to the\nFinder according to the following schedule and conditions.\n \n\n\n\n The initial Finder’s Fee installment was made on\nFebruary 24, 2025 and comprised 71,580 shares at a deemed value of\n$0.05.  A second share issuance of 40,000 shares, at a deemed value\nof $0.11, and cash payment of US$8,000 will now be made.  A third\ninstallment, comprising 40,000 shares and US$30,000, will be due on\nFebruary 24, 2026. Assuming the option agreement continues, US$40,000\nwill be payable when the plant is sufficiently upgraded and all\npermits received in order to commence production, or 4 years from\nsigning the DA, whatever happens first; US$60,000 one year after\ncommencing production or 5 years from signing the DA, whatever happens\nfirst; and US$120,000 two years after commencing production or 7 years\nfrom signing the DA, whatever happens first.  A contingency issuance\nof 40,000 shares and payment of US$40,000 may be made at an\nundetermined time, upon Pinnacle establishing a Mineral Resource\nEstimate, as defined by Natio...

More updates from Pinnacle Silver And Gold Corp