Pennine Petroleum Corporation provided a thirty-day update on the status of the Earn-in Agreement. As announced on December 03, 2021, Pennine has signed an Earn-in Agreement (the "Agreement") with Techshed Investments (Private) Limited which owns and operates a producing gold mine in Zimbabwe. The Agreement, which is subject to financing, allows the Corporation to earn 51% of the increased future production of the mine by investing USD 1.0million in capital expansion and development (including exploration) over the next two years.
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- Pennine Petroleum Corporation Provides A Thirty-Day Update on the Status of the Earn-In Agreement