X1 Entertainment Group Inc. entered into a letter of intent to acquire 100% interest in Manson Bay Gold Project of SKRR Exploration Inc. for CAD 0.055 million.

X1 Entertainment Group Inc. (CNSX:XONE) entered into a letter of intent to acquire 100% interest in Manson Bay Gold Project of SKRR Exploration Inc for CAD 0.055 million on December 4, 2023. And SKRR and X1 will negotiate and settle the terms of a definitive acquisition agreement. Under the terms of the LOI, X1 may acquire a 100% interest in the Manson Bay Project by issuing 1 million common shares in the capital of X1 to SKRR.

Transaction is subject to the approval of the TSX Venture Exchange including approval of the shareholders of X1.