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SKRR Exploration Inc. Closes 100% Acquisition of the Carp River Nickel-Copper-Cobalt Claims in Saskatchewan
SKRR Exploration Inc. Closes 100% Acquisition of the Carp River Nickel-Copper-Cobalt Clai...
About this update from Skrr Exploration, Inc.
[{"type":"text","content":"\n \n \n \n SKRR Exploration Inc. Closes 100% Acquisition of the Carp River Nickel-Copper-Cobalt Claims in 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 Nov. 1, 2022\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 that it has received final approval from the TSX Venture Exchange (the \"\n \n Exchange\n \n \") for the previously announced non-arm's length acquisition agreement dated\n \n October 24, 2022\n \n (the \"\n \n Acquisition Agreement\n \n \") to acquire a 100% interest in Edge Geological Consulting Inc.'s (\"\n \n Edge\n \n \") Carp River property (the \"\n \n Property\n \n \") consisting of five (5) mineral claims compromising a total of 5,606.48 hectares.\n \n \n \n \n \n \n \n \n \n \n Terms of the Acquisition Agreements\n \n \n \n Under the terms of the Acquisition Agreement, SKRR acquired a 100% interest in the Property by making a cash payment of\n \n C$7,000\n \n to Edge (which represents the costs expended by Edge in staking and researching the Property) upon Exchange final approval of the Acquisition Agreement.\n \n \n The Acquisition Agreement with Edge is not an \"Arm's Length Transaction\" as such term is defined in the Exchange's Policy 1.1 and therefore constituted a \"related party transaction\" as such term is defined in Multilateral Instrument 61-101 –\n \n Protection of Minority Security Holders in Special Transactions\n \n . Ross McElroy is a director of SKRR and is also a director of Edge.\n \n \n \n \n The Carp River Nickel-Copper Property Details\n \n \n \n \n The Carp River property comprised of five (5) contiguous mineral claims totaling 5,606.48 ha., is located immediately north of the hamlet of\n \n Stony Rapids\n \n in the province of\n \n Saskatchewan\n \n .\n \n Stony Rapids\n \n is a full service community with a commercial airport. Access to the Property is via fixed wing or helicopter aircraft. From a regional ...