NMC Resource Corporation Amends Boss Mountain Exploration Option Agreement
NMC Resource Corporation (TSXV:NRC) announced amendments to the terms of the Boss Mountain Exploration Option Agreement.
NMC Resource Corporation (TSXV:NRC) announced amendments to the terms of the Boss Mountain Exploration Option Agreement.
As quoted in the press release:
Under the amended terms of the Boss Mountain Option Agreement, the option period has been amended to a flat 5 years and the committed option expenditure of not less than CAD1,000,000 during the option period has been amended to not apply if at or prior to the Termination Date (as such term is defined in the Boss Mountain Option Agreement), NMC Resource has completed not less than 3,000 metres of diamond drilling on the Property (as such term is defined in the Boss Mountain Option Agreement).