Enmienda adicional al acuerdo de opción Storm
Landore recursos limitados
FURTHER AMENDMENT TO OPTION AGREEMENT OVER MIMINISKA LAKE AND KEEZHIK LAKE PROPERTIES
London, United Kingdom - 08 February 2024 - Landore Resources Limited (AIM: ND) ("Landore Resources" or the "Company") announces that, further to its announcements of 10 May 2021, 31 January 2023 and 5 July 2023, the Company and Storm Exploration Inc. (a TSX-V company, formerly named Lithoquest Resources Inc.) ("Storm") have agreed a further variation of six months to the scheduling of each of the remaining payments due from Storm in respect of the pre-existing option agreement with Landore Resources Canada Inc. over 100% of the Miminiska Lake and Keezhik Lake properties in the Thunder Bay Mining district, Northern Ontario, as follows:
· The final two payments will be increased by 5%. In the event that either payment is made at least 2 months before the revised payment date, the increased payment concerned will be reduced to 2.5% for that particular payment; and
· Storm will make a good faith payment of CAN$50,000 to Landore Resources upon completion of CAN$1,500,000 of financings by it, in aggregate, to be credited towards the first convertible cash payment below, before any increase is applied.
The revised payment schedule is as follows:
· A Cash Payment of CAN$262,500 and a Convertible Cash Payment of CAN$525,000 on or before 24 May 2024; and
· A Cash Payment of CAN$525,000 and a Convertible Cash Payment of CAN$787,500 on or before 24 November 2024.
Storm tiene discreción exclusiva para determinar si cada tramo de los Pagos en Efectivo Convertibles se liquida en efectivo o en nuevas acciones ordinarias en el capital de Storm y el número de acciones ordinarias se determinará mediante el precio promedio ponderado por volumen de 30 días antes de la fecha de la elección.
All other details of the option agreement remain unaltered.
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Para mayor información, favor de contactar: :
Landore recursos limitados
Glenn Featherby (CEO interino)
Tel: <strong>+39 3440175917</strong>
Strand Hanson Limited (Asesor designado y Broker)
James Dance/Matthew Chandler/Robert Collins
Tel: 020 74093494
Novum Securities Limited (conjunto Broker)
Jon Belliss/Colin Rowbury
Tel: 020 73999402
Acerca de Landore Resources
Landore Resources Limited is an exploration/development company that seeks to grow shareholder value through the advanced exploration and development of precious and battery metals projects in eastern Canada. The Company is primarily focused on the development of its 100% owned BAM Gold Project, located on its Junior Lake Property in Northwestern Ontario.
La Compañía considera que la información contenida en este anuncio constituye información privilegiada según lo estipulado en el Reglamento de Abuso de Mercado (UE) No. 596/2014, ya que forma parte de la legislación nacional del Reino Unido en virtud de la Ley de (Retirada) de la Unión Europea de 2018 , modificada en virtud del Reglamento sobre abuso de mercado (modificación) (salida de la UE) de 2019.
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