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Canada Carbon Inc (TSXV:CCB) announced that it has acquired 3 more claims for the company’s Miller Graphite mine, which puts the property now at 13.2 squared kilometers.
Canada Carbon Inc (TSXV:CCB) announced that it has acquired 3 more claims for the company’s Miller Graphite mine, which puts the property now at 13.2 squared kilometers.
As quoted in the press release:
Terms of the Agreement
Pursuant to the Agreement, the Company has agreed to issue to Nouveau-Monde Mining Enterprises Inc., a Québec corporation, a total of 75,000 shares payable upon the approval of the transaction by the TSX Venture Exchange (the “Exchange“).
Pursuant to the Agreement, the Company has also granted Nouveau-Monde Mining Enterprises Inc., a 2% Net Smelter Return royalty (the “NSR“) which can be reduced at any time to 1% by paying $1,000,000 to Nouveau-Monde Mining Enterprises Inc.
Click here to read the full Canada Carbon Inc (TSXV:CCB) press release.
