SKRR Exploration Inc. Announces Letter of Intent with X1 Entertainment Group Inc. for the Manson Bay Project, Saskatchewan

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[{"type":"text","content":"\n \n \n \n SKRR Exploration Inc. Announces Letter of Intent with X1 Entertainment Group Inc. for the Manson Bay Project, Saskatchewan\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 \n VANCOUVER, BC\n \n \n ,\n \n \n Dec. 4, 2023\n \n \n /CNW/ - SKRR Exploration Inc. (TSXV: SKRR) (FSE: B04Q) (\"\n \n SKRR\n \n \" or the \"\n \n Company\n \n \") is pleased to announce it has entered into a letter of intent (\"\n \n LOI\n \n \") with X1 Entertainment Group Inc. (CSE: XONE) (\"\n \n X1\n \n \"), whereby SKRR and X1 will negotiate and settle the terms of a definitive acquisition agreement (the \"\n \n Acquisition Agreement\n \n \") for X1 to acquire a 100% interest in SKRR's wholly-owned Manson Bay gold project (the \"\n \n Manson Bay Project\n \n \").\n \n \n \n \n \n \n \n \n \n The Manson Bay Project is located in the Trans Hudson Corridor in east-central\n \n Saskatchewan\n \n , approximately 40km northwest of the historic mining center of\n \n Flin Flon\n \n , on the\n \n Manitoba\n \n border. The Manson Bay Project consists of thirteen (13) contiguous mineral claims totaling 4,293.213 hectares.\n \n \n Under the terms of the LOI, X1 may acquire a 100% interest in the Manson Bay Project by issuing 1,000,000 common shares in the capital of X1 to SKRR. The potential Acquisition Agreement and the consideration and transactions contemplated thereunder, will be subject to and in accordance with applicable corporate and securities laws and the approval of the Canadian Securities Exchange, and if required, the approval of the TSX Venture Exchange and any other such approvals that may be required, including approval of the shareholders of X1.\n \n \n Further details regarding the proposed transaction with X1 will be provided in a comprehensive news release if, and when, the parties enter into the Acquisition Agreement. There can be no guarantees that the proposed transaction will be completed as contemplated or at all.\n \n \n \n About SKRR Exploration Inc.\n \n :\n \n \n SKRR is a Canadian-based precious and base met...

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