Canada Carbon to Acquire More Claims Near Miller Mine

Canada Carbon Inc. (TSXV:CCB) has entered into a definitive agreement to acquire 100-percent interests in five pending claim units that are contiguous to its Miller graphite mine, located near Grenville, Quebec.

As quoted in the press release:

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., 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.

Click here to read the full Canada Carbon Inc. (TSXV:CCB) press release.