Smartset Services Inc. (TSXV:SMAR.P) signed a binding letter of intent to acquire Mount Morgan Gold-Copper Project from GBM Resources Limited (ASX:GBZ) on June 18, 2021. Smartset Services Inc. (TSXV:SMAR.P) has executed a definitive agreement to acquire Mount Morgan Gold-Copper Project from GBM Resources Limited (ASX:GBZ) for CAD 5.6 million on August 22, 2022. The deal is subject to completion of due diligence, TSXV, ASX and requisite shareholder approvals, completion of the Smartset equity raising and other customary conditions. Under the terms of the agreement, either party may terminate the transaction if completion has not occurred by December 19, 2022.

Smartset Services Inc. (TSXV:SMAR.P) cancelled the acquisition of Mount Morgan Gold-Copper Project from GBM Resources Limited (ASX:GBZ) on February 6, 2023. Smartset was not able to complete the capital raising condition precedent by the agreed date and terms or provide some certainty that a later date to complete the capital raising.