- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
Element79 Gold Corp
Black Swan Graphene
Forum Energy Metals
Sirona Biochem
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Aston Bay Holdings Begins Period of Exclusive Negotiations with Major Miner
Aston Bay Holdings Ltd. (TSXV:BAY) has entered into a period of exclusive negotiations with a major mining company with a public market capitalization of over US$10 billion. This period will last until the execution of a memorandum of understanding and/or an earn-in agreement or June 30, 2014, whichever is earlier. The exclusivity agreement has been entered into with the intent to move towards a proposed MOU to form a joint venture on the Storm Copper and Seal Zinc projects.
As quoted in the press release:
Under the terms of the Exclusivity Agreement, Aston Bay will provide to the Major all information relevant to the Storm project, and arrange for a site visit and tour of Storm. Aston Bay also agrees not to invite or facilitate any discussions with third parties with respect to Storm and Aston Bay’s assets and shares in general, with certain exceptions. In consideration of Aston Bay entering into the Exclusivity Agreement, the Major will pay to the Company a fee of $50,000 for the Exclusivity Agreement, an amount that will be counted towards the Major’s exploration expenditures should an MOU be completed. The fee is not refundable to the Major in the event an MOU is not completed.
Aston Bay CEO, Benjamin Cox, said:
Aston Bay has been actively seeking a partner to advance the Storm project, and we are excited to have attracted the interest of a major mining company with a track record of successfully developing and operating mines. Our discussions with the Major have advanced to the stage that both parties felt it was appropriate to enter into an Exclusivity Agreement in order to negotiate and document the final terms of the MOU.
Click here to read the Aston Bay Holdings (TSXV:BAY) press release
Click here to see the Aston Bay Holdings (TSXV:BAY) profile.
Latest News
Aston Bay Holdings Investor Kit
- Corporate info
- Insights
- Growth strategies
- Upcoming projects
GET YOUR FREE INVESTOR KIT
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.Â