Sorrento Resources Ltd. (CNSX:SRS) entered into a mineral property purchase agreement to acquire Newfoundland Lithium and Precious Metals Projects from Gold Hunter Resources Inc. (CNSX:HUNT) for CAD 0.35 million on June 5, 2023. Under the terms of the acquisition, Sorrento Resources will pay CAD 0.05 cash and will issue 1 million common shares to Gold Hunter, which shares will be subject to a statutory hold period of four months and one day following completion of the acquisition. The Property is subject to a 2% net smelter returns royalty held by Fair Haven Resources Inc. The transaction is expected to close on or around June 13, 2023.
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Capi.
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0.23 CAD | +4.55% | +4.55% | 3.27M | ||
0.15 CAD | 0.00% | +11.11% | 4.33M | ||
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+35.29% | 3.27M | |
+7.84% | 4.76B | |
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+6.27% | 1.6B | |
+42.35% | 1.33B | |
+82.85% | 881M | |
+25.69% | 870M | |
+34.55% | 668M | |
-33.69% | 494M | |
-.--% | 156M |
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- Sorrento Resources Ltd. entered into a mineral property purchase agreement to acquire Newfoundland Lithium and Precious Metals Projects from Gold Hunter Resources Inc. for CAD 0.35 million.