S2 Announces Acquisition of Mining Claims
S2 Announces Acquisition of Mining Claims
Toronto, Ontario--(Newsfile Corp. - April 17, 2023) - S2 Minerals Inc. (CSE: STWO) ("S2" or the "Company") announces that it has acquired 880 mining claims (the "Property") in the Veekay Lake, Gifford Lake, Opikeigan Lake, Frond Lake, Rich Lake and Reserve Lake areas in Ontario.
安大略省多伦多--(Newsfile Corp.——2023年4月17日)- S2 Minerals Inc. (案例:STWO)(”S2“或者”公司“)宣布已收购880份采矿索赔(”财产“)位于安大略省的维凯湖、吉福德湖、奥皮基根湖、弗隆德湖、里奇湖和储备湖地区。
The Property was acquired from an insider of the Company pursuant to an assignment agreement dated as of April 14, 2023. The insider had acquired the Property from an arm's length third party for a cash payment of $300,000 and a 2% net smelter returns royalty (the "Royalty") and agreed that if the Property was assigned to a public company before March 2024, such public company would issue $50,000 of common shares (the "Shares"). The Company assumed the obligations under the Royalty, paid $300,000 to the insider and issued 526,315 Shares with a deemed price of $0.095 per Share.
该物业是根据截至2023年4月14日的转让协议从公司内部人士手中收购的。该内部人士以30万美元的现金支付和2%的冶炼厂净回报特许权使用费从一个独立的第三方手中收购了该财产(”特许权使用费“)并同意,如果该财产在2024年3月之前转让给一家上市公司,则该上市公司将发行50,000美元的普通股(”股份“)。公司承担了特许权使用费下的义务,向内部人士支付了30万美元,并发行了526,315股股票,每股认定价格为0.095美元。
The assignment of the Property and assumption of the Royalty may be a "related party transaction" and therefore subject to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") because the Company has acquired the Property from, assumed the obligations of a related party under the Royalty. However, Section 5.4(1) of MI 61-101 provides that such assignment and assumption does not require a formal valuation and Section 5.7(1)(a) of MI 61-101 provides that the Company is exempt from the requirement to obtain minority shareholder approval because the fair market value of any consideration received by the related party in connection with such assignment and assumption is less than 25% of the Company's market capitalization.
财产的转让和特许权使用费的承担可能是 “关联方交易”,因此受多边文书61-101的约束—— 在特殊交易中保护少数证券持有人 (”MI 61-101“) 由于公司已从中收购财产,因此承担了关联方在特许权使用费下的义务。但是,MI 61-101第5.4(1)节规定,此类分配和假设不需要进行正式估值,MI 61-101第5.7(1)(a)条规定,公司不受获得少数股东批准的要求的约束,因为关联方获得的任何与此类转让和假设相关的对价的公允市场价值低于公司市值的25%。
About S2 Minerals Inc.
关于 S2 Minerals Inc.
S2 Minerals Inc. is a Canadian mineral exploration company and holds the Sandy Lake project in Ontario. The Sandy Lake project comprises approximately 167,000 acres of contiguous mineral claims in the Sandy Lake Archean Greenstone Belt, located approximately 140 miles north of Red Lake, Ontario. S2 beneficially holds a 100% interest in the mineral rights to approximately 137,000 acres, and holds a 50.1% interest in the approximately 15,000 acres of the "Weebigee Joint Venture" claims and a 50% interest in a further 15,000 acres of the Southern Block claims in joint ventures with Goldeye Explorations Limited, now part of Treasury Metals Inc. It is expected that over time, S2 may add new Canadian-focused exploration stage projects to its portfolio.
S2 Minerals Inc. 是一家加拿大矿产勘探公司,在安大略省持有桑迪湖项目。桑迪湖项目包括位于安大略省红湖以北约140英里处的桑迪湖太古绿石带中约16.7万英亩的连续矿产索赔。S2实益持有约13.7万英亩矿产权的100%权益,在 “Weebigee合资企业” 索赔的约15,000英亩中持有50.1%的权益,在与Goldeye Explorations Limited(现为财政金属公司的一部分)合资的另外15,000英亩南方区块索赔中持有50.1%的权益。预计随着时间的推移,S2可能会在其投资组合中增加新的以加拿大为重点的勘探阶段项目。
For further information please contact:
欲了解更多信息,请联系:
Dan Noone
CEO
+1.416.628.5904
Email: info@s2minerals.com
Dan Noone
首席执行官
+1.416.628.5904
电子邮件:info@s2minerals.com
Forward-Looking Statements
前瞻性陈述
This news release contains certain forward-looking statements, including, but not limited to, statements about the addition of projects to its portfolio. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.
本新闻稿包含某些前瞻性陈述,包括但不限于有关在其投资组合中增加项目的声明。尽可能使用诸如 “可能”、“将”、“应该”、“可以”、“期望”、“计划”、“打算”、“预期”、“相信”、“估计”、“预测” 或 “潜在” 之类的词语或这些词语的否定或其他变体,或类似的词语或短语,来识别这些前瞻性陈述。这些声明反映了管理层目前的信念,并基于截至本文发布之日管理层目前可获得的信息。
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
前瞻性陈述涉及重大风险、不确定性和假设。许多因素可能导致实际业绩、业绩或成就与前瞻性陈述中讨论或暗示的结果存在重大差异。应仔细考虑这些因素,读者不应过分依赖前瞻性陈述。尽管本新闻稿中包含的前瞻性陈述基于管理层认为合理的假设,但公司无法向读者保证实际业绩将与这些前瞻性陈述一致。除非法律要求,否则公司没有义务更新或修改它们以反映新的事件或情况。
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