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Liberty Leaef (CSE:LIB) has announced it has entered into a share purchase and sale agreement with Evrim Resources (TSXV:EVM) and Bearclaw Capital. Under the agreement, Evrim will acquire a 100 percent interest in the Axe project, of which Liberty Leaf ones 70 percent and Bearclaw owns 30 percent. As quoted in the press release: In …
Liberty Leaef (CSE:LIB) has announced it has entered into a share purchase and sale agreement with Evrim Resources (TSXV:EVM) and Bearclaw Capital. Under the agreement, Evrim will acquire a 100 percent interest in the Axe project, of which Liberty Leaf ones 70 percent and Bearclaw owns 30 percent.
As quoted in the press release:
In order to acquire 100% interest in the property, Evrim will pay $30,000 ($21,000 to Liberty Leaf and $9,000 to Bearclaw) and additional consideration consisting of cash or shares, at Evrim’s election, in the event certain exploration milestones are made or joint venture payments are received. Liberty Leaf and Bearclaw shall retain an aggregate 1% net smelter royalty, of which 0.7% is held by Liberty Leaf and 0.3% held by Bearclaw, on twenty-one claims to the property that can be purchased for $1.5 million.
Click here to read the full press release.