iMetal Resources agreement for Mosher Lake property

Oct 24, 2017

2017-10-23 19:18 ET – Property Agreement

The TSX Venture Exchange has accepted for filing an option agreement dated July 6, 2017, between iMetal Resources Inc., and William Wilcox, David Hiltz and Thomas O’Connor (the sellers), whereby the company has been granted an option to acquire a 100-per-cent interest in the Mosher Lake property that is located in the Tyrrell and Knight townships of Ontario. Consideration is $50,000 and three million common shares payable over a three-year period. The vendor has been granted a 2-per-cent net smelter royalty, of which the company may repurchase 1 per cent of the NSR for $1-million for a period of five years subject to further exchange review and acceptance. The seller will have the first right of refusal to participate in up to 10 per cent of all future financings of the issuer.

https://imetalresources.ca/news-2/

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