Silicon Metals Corp (CSE: SI) has initiated its option agreement to acquire a 100% interest in Aggregate Permit AP6453 in the Sudbury Mining District, Ontario. The company has issued 500,000 common shares at $0.055 per share and made an initial cash payment of $25,000 to Geotek Exploration and Prospecting Ltd.
The remaining option payments include an additional $25,000 cash payment within 15 business days, followed by two separate issuances of 1.5 million common shares at 12 and 18 months after CSE approval. All securities issued will be subject to a four-month statutory hold period.
Silicon Metals Corp (CSE: SI) ha avviato il suo accordo di opzione per acquisire un interesse del 100% nel Permesso Aggregato AP6453 nel Distretto Minerario di Sudbury, Ontario. La società ha emesso 500.000 azioni ordinarie al prezzo di $0,055 per azione e ha effettuato…
