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Mayo Lake Minerals Updates Merger With WestMountain Gold

Mayo Lake Minerals Updates Merger With WestMountain Gold

梅奥湖矿业公司更新了与西山黄金的合并情况
newsfile ·  01/04 13:38

703,300 Ounces of High-Grade Gold; Greater than 2,000,000 Ounce Total Resource
Amends Terms of Private Placement Closing February

703,300 盎司高品位黄金;总资源超过 2,000,000 盎司
修订将于2月截止的私募条款

Ottawa, Ontario--(Newsfile Corp. - January 4, 2024) - Mayo Lake Minerals Inc. (CSE: MLKM) (Mayo or Company) is pleased to confirm that Mayo and WestMountain Gold, Inc. (WestMountain) remain committed to complete their merger as described in Mayo's press release of August 17, 2023.

安大略省渥太华--(Newsfile Corp.-2024 年 1 月 4 日)- 梅奥湖矿业公司(CSE:MLKM)(梅奥或公司) 很高兴地证实,Mayo 和 WestMountain Gold, Inc. (西山) 仍然致力于按照梅奥2023年8月17日的新闻稿中所述完成合并。

The Letter of Intent (LOI) as described in the press release outlined the proposed terms and conditions of a transaction pursuant to which Mayo and WestMountain plan to effect a three-cornered amalgamation of a wholly-owned subsidiary of Mayo and WestMountain that would result in Mayo indirectly acquiring all of the outstanding share capital of WestMountain (Transaction). The amalgamated entity resulting from the Transaction will continue to carry on the combined operations of Mayo and WestMountain.

新闻稿中描述的意向书(LOI)概述了交易的拟议条款和条件,根据该交易的条款和条件,梅奥和WestMountain计划对梅奥和WestMountain的全资子公司进行三角合并,这将导致梅奥间接收购WestMountain的所有已发行股本(交易)。本次交易产生的合并实体将继续开展梅奥和WestMountain的合并业务。

The Transaction, which is contemplated for completion in the first quarter of 2024, remains subject to Mayo and WestMountain entering into a definitive agreement (near completion) and the receipt of all regulatory and other approvals. Mayo will issue a comprehensive press release pursuant to the policies of the Canadian Securities Exchange upon execution of a definitive agreement. To date, the companies have carried out extensive due diligence and are pleased with the progress to date.

该交易计划于2024年第一季度完成,但仍有待梅奥和WestMountain签订最终协议(接近完成)以及获得所有监管和其他方面的批准。在执行最终协议后,梅奥将根据加拿大证券交易所的政策发布一份全面的新闻稿。迄今为止,两家公司已经进行了广泛的尽职调查,并对迄今取得的进展感到满意。

Pursuant to the LOI, Mayo will issue WestMountain shareholders that number of common shares at a deemed value of $0.08 per share in the capital of Mayo equivalent to fifty percent (50%) of the common shares issued and outstanding on a fully diluted basis at the time of closing. As additional consideration, Mayo will issue two (2) tranches of warrants on a pro-rata basis, each tranche equal to 10% of the issued and outstanding common shares of Mayo at the time of closing of the Transaction calculated on a fully diluted basis. Each warrant shall be exercisable for five (5) years from the date of issuance at the market price of Mayo's common shares at the time of closing of the Proposed Transaction.

根据意向书,梅奥将向WestMountain股东发行该数量的普通股,认定价值为梅奥资本中每股0.08美元,相当于收盘时已发行和流通的普通股的百分之五十(50%)。作为额外对价,梅奥将按比例发行两(2)批认股权证,每批认股权证等于交易结束时梅奥已发行和流通普通股的10%,按全面摊薄后的基础计算。每份认股权证自发行之日起五(5)年内可按拟议交易完成时梅奥普通股的市场价格行使。

Each tranche will be exercisable when the following thresholds are met: (a) delineation of a compliant gold resource consisting of a minimum of two million inferred or better ounces and (b) delineation of a compliant gold resource consisting of a minimum of three million, inferred or better ounces.

当满足以下阈值时,每批黄金资源均可行使:(a) 划定至少由两百万推断或更优盎司组成的合规黄金资源;(b) 划定至少由三百万推断或更优盎司组成的合规黄金资源。

Upon completion of the Proposed Transaction, Mayo's board of directors will be reconstituted and consist of three directors nominated by current Mayo shareholders and two directors nominated by current WestMountain shareholders.

拟议交易完成后,梅奥的董事会将进行重组,由现任梅奥股东提名的三名董事和现任WestMountain股东提名的两名董事组成。

Mayo is expected to assume a principal amount of US $3 million of WestMountain secured notes and accrued interest maturing on February 7, 2025.

预计梅奥将承担本金为300万美元的WestMountain有担保票据和将于2025年2月7日到期的应计利息。

The completion of the Transaction is subject to the satisfaction of certain conditions precedent, including:

交易的完成以满足某些先决条件为前提,包括:

  1. receipt of all necessary consents, approvals and authorizations of any regulatory authorities, shareholders or third parties;

  2. Mayo having obtained such regulatory approvals as are necessary in connection with the completion of the Proposed Transaction, including but not limited to the approval of the Canadian Securities Exchange;

  3. all claims and leases comprising the Terra Gold Project's (Terra) being in good standing at closing with annual payments and other fees paid in full and all permits and approvals to conduct exploration and development at Terra being in good standing;

  4. WestMountain having converted approximately US$5 million of its total debt and related obligations into common shares on or before closing; and

  5. with the exception of the amount of the US $3 million secured notes of WestMountain to be assumed by Mayo, all other outstanding notes of WestMountain and any interest accrued shall have been discharged through payment of cash or share conversion prior to closing, or as otherwise agreed by the parties.

  1. 收到任何监管机构、股东或第三方的所有必要同意、批准和授权;

  2. 梅奥已获得与完成拟议交易相关的必要监管批准,包括但不限于加拿大证券交易所的批准;

  3. 包括 Terra Gold 项目的所有索赔和租约 (泰拉) 在收盘时信誉良好,年度付款和其他费用已全额支付,在Terra进行勘探和开发的所有许可证和批准书信誉良好;

  4. WestMountain已在收盘时或收盘前将其总债务和相关债务中的约500万美元转换为普通股;以及

  5. 除了由梅奥承担的300万美元WestMountain有担保票据的金额外,WestMountain的所有其他未偿还票据和任何应计利息均应在收盘前通过支付现金或股票转换或双方另行约定来清偿。

Amendment to Terms of Private Placement - After due consultation between management and certain parties followed by a review with the board of directors, the Company has passed a resolution amending the terms of the common share unit (CS Unit) portion of its ongoing $1.4M private placement to include one whole warrant per CS Unit that is now exercisable at $0.09 for an extended period of four years as opposed to the previous three-year period. The planned closing date has now been rescheduled for on or about February 9, 2024. The revised Term Sheet has been attached hereto as Schedule A.

私募条款修正案 - 在管理层与某些各方进行了适当磋商,随后与董事会进行了审查之后,公司通过了一项决议,对正在进行的140万美元私募中普通股单位(CS单位)部分的条款进行了修改,将每个CS单位的一份完整认股权证包括在内,该认股权证现在可以以0.09美元的价格行使,为期四年,而不是之前的三年。计划的截止日期现已改期为2024年2月9日左右。修订后的条款表已作为附表A附于此。

In the event of multiple closings, the day of the final closing will be the closing date of record. The securities issued pursuant to the Offering will be subject to a statutory hold period in Canada of four (4) months and one day after the closing date. Finders that source investments in the Offering may earn a cash commission of up to 7% and warrants to purchase that number of common shares equal to 7% of the number of the respective type of units sold by the finder which are valid for four years.

如果有多次收盘,则最后收盘日将是记录的截止日期。根据本次发行发行的证券在加拿大的法定持有期为四(4)个月零一天,截止日期后。在本次发行中寻求投资的发现者可以获得高达7%的现金佣金,购买该数量的普通股的认股权证等于发现者出售的相应类型单位数量的7%,有效期为四年。

The CS Unit proceeds will be used for general corporate purposes as well as certain exploration expenditures and the FT Unit proceeds will be used for eligible exploration expenditures, qualifying as "CEE" under the Income Tax Act (Canada) and applicable regulations, on Mayo's Anderson-Davidson, Carlin-Roop and Trail-Minto properties.

CS单位的收益将用于一般公司用途以及某些勘探支出,金融时报单位的收益将用于符合条件的勘探支出,符合条件的 “CEE” 所得税法 (加拿大)以及有关梅奥安德森-戴维森、Carlin-Roop和Trail-Minto房产的适用法规。

Mayo also confirms that it has recently closed the first tranche of the above noted placement for a total of 1,975,001 CS Units totaling $118,500.06. The first tranche closing is subject to the recently amended terms.

梅奥还证实,它最近完成了上述第一批配售,总额为1,975,001套CS单位,总额为118,500.06美元。第一批交易的结算受最近修订的条款约束。

Merger Financing Subsequent to the completion of Mayo's current financing, Mayo shall complete a second private placement financing prior to closing of the proposed Transaction for minimum gross proceeds of $1,400,000, and a maximum of $2,800,000, or such amount as mutually determined by Mayo and WestMountain.

合并融资 在梅奥当前的融资完成后,梅奥将在拟议交易完成之前完成第二笔私募融资,最低总收益为140万美元,最高为2800,000美元,金额由梅奥和WestMountain共同确定。

Merger Synergy. Dr. Vern Rampton P. Eng., President & CEO of Mayo had previously stated, "The proposed Transaction would result in a well-diversified set of prospective gold properties within the Tintina Gold Province. Through its wholly-owned subsidiary, Mayo would hold an advanced-stage project with an attractive resource and prospective projects in the pipeline that are open to the discovery of upper-tier mineral deposits in the future. The significance of Terra's present delineation of high-grade veins with associated envelopes of low-grade mineralization cannot be overstated, as it provides a core to which successful drilling can rapidly increase the total gold resource.

合并协同作用。 梅奥总裁兼首席执行官维尔恩·兰普顿·P.Eng博士此前曾表示, “拟议的交易将在丁蒂纳黄金省内形成一系列多元化的潜在黄金地产。梅奥将通过其全资子公司举办一个具有吸引力资源的后期项目,并有前景的项目正在筹建中,这些项目有望在未来发现更高层次的矿床。Terra目前描绘的高品位矿脉以及相关的低品位矿化包络的重要性怎么强调都不为过,因为它提供了一个岩心,成功的钻探可以迅速增加总的黄金资源。

Dr. Rampton continued, "The Terra Gold Project brings with it a significant number of favourable characteristics including extensive historical data, well-defined drill targets, and particularly significantly, a planned improvement in infrastructure access. These factors bolster our confidence in Terra's potential to become a robust gold-producing asset. Upside blue-sky potential has also been identified in the relatively restricted part of Terra that has been evaluated to date."

兰普顿博士继续说:“Terra Gold 项目带来了许多有利的特征,包括大量的历史数据、明确的钻探目标,尤其是基础设施准入方面的计划改善。这些因素增强了我们对Terra成为强劲黄金生产资产的潜力的信心。迄今为止,在Terra相对有限的部分中,还发现了上行蓝天潜力。”

Mr. Rick Bloom, President & CEO of WestMountain also commented, "We have been waiting to team up with the right partner for a number of years and only recently were introduced to Mayo, which we believe has the ideal professional group with an experienced professional understanding of regional mineralization, decades of working in a harsh environment and a strong commitment to environmental matters. Mayo's executives have a combined track record of successful exploration and development that underlines their capacity to unlock the full potential of the combined company's projects."

WestMountain总裁兼首席执行官里克·布鲁姆也评论说, “多年来,我们一直在等待与合适的合作伙伴合作,直到最近才加入梅奥,我们认为梅奥拥有理想的专业团队,他们对区域矿化有着丰富的专业理解,在恶劣的环境中工作了数十年,并且对环境事务有坚定的承诺。梅奥的高管们有着成功勘探和开发的综合记录,这凸显了他们释放合并后公司项目的全部潜力的能力。”

WestMountain Gold Reports 703,300 Ounces of High-Grade Gold: WGM brings in the Terra Gold Project () a new primary flagship property to the amalgamated company.

WestMountain Gold报告了703,300盎司的高品位黄金: WGM为合并后的公司带来了新的主要旗舰物业Terra Gold Project ()。

In 2020, R.J. (Jim) Robinson, B.Sc. P.Geo., (QP) reported to WestMountain 1 that Terra contains Indicated Resources ("IND"), 435,360 ounces gold at 12.08g Au/t and Inferred Resources ("INF"), 267,943 ounces gold at 10.59g Au/t with a 5.0g Au/t cut-off for a total of 703,303 ounces at 10.28g Au/t based on an under-ground ("UG") narrow vein mining model. Robinson also reported in an internal report to WestMountain that resources for a model with extraction by open pit at the Fish Zone) and bulk mining at the Ben Zone were IND, 1,422,330 ounces gold at 2.31g Au/t and INF, 588,789 ounces gold at 2.05g Au/t for a total of 2,011,119 ounces gold at 2.23g Au/t. For Mayo's purposes, these resources are deemed historical.

2020 年,R.J.(吉姆)罗宾逊获得理学学士学位P.Geo.,(QP)向 WestMountain 汇报了 1 Terra 包含指定资源 (”查找“)、435,360 盎司黄金(每吨 12.08 克)和 Inferred Resources(”INF“),267,943盎司黄金,价格为10.59克澳元/吨,根据地下数据,截止值为5.0克澳元/吨,共703,303盎司,为10.28克澳元/吨(”UG“) 窄矿脉采矿模型。鲁滨逊还在向WestMountain提交的内部报告中报告说,采用露天矿开采(鱼区)和本区批量开采的模型资源为印度,1,422,330盎司黄金(2.31g Au/t)和INF,588,789盎司黄金,2.05克澳元/吨,共计2,011,119盎司黄金。就梅奥而言,这些资源被视为历史资源。

Thirty diamond drill holes (DDHs) were completed during drilling in 2018 and 2019. Of the thirty DDHs, twenty-five cored quartz veins assaying over 10g Au/t; with multiple veins being cored in fifteen DDH. The gold values ranged from 10g Au/t up to 246g Au/t with widths ranging from 0.2 to 1.5m in a total of sixty-four intercepts, averaging 36.3g Au/t.

在2018年和2019年的钻探过程中,完成了三十个金刚石钻孔(DDH)。在三十个 DDH 中,有二十五条有芯石英脉的测定值超过 10g Au/t;在十五个 DDH 中对多条矿脉进行取芯。黄金价值从10克金/吨到246克金/吨不等,宽度从0.2到150米不等,共有六十四个截距,平均为36.3克金/吨。

As of August, 2023, 4,500 ounces of gold have been extracted from ~ 3,000 tonnes of excavated ore; this equated to a gold grade of ~ 46g Au/t. On-site pilot studies determined that the gold and silver (partially) could be extracted by crushing and pulverizing followed by gravity separation without the use of chemicals.

截至2023年8月,已经从约3,000吨挖掘的矿石中提取了4500盎司的黄金;这相当于黄金品位约为46g Au/t。现场试点研究确定,金和银(部分)可以通过破碎和粉碎,然后进行重力分离来提取,而无需使用化学物质。

The Ben and Fish zones lie within a 2.5 km N-S trending, mineralized corridor. The two zones contain numerous multi-phased high-grade veins up to 1m in width and of various strike lengths. These veins parallel the primary vein within each zone.

Ben 和 Fish 区域位于一条长达 2.5 千米的南北向矿化走廊内。这两个区域包含许多多相位的高级矿脉,宽度可达 1m,打击长度各不相同。这些静脉与每个区域内的主静脉平行。

The high-grade veins are commonly within an envelope of stringers and stockwork silification, increasing the width of the mineralization adjacent to the main vein widths to anywhere up to 10m; a configuration that could lead to a reduction of costs in underground mining.

高品位矿脉通常位于纵梁和堆石化层的包围范围内,这会将主矿脉宽度附近的矿化宽度增加到最多 10 米;这种配置可以降低地下采矿的成本。

Both zones are open along strike and at depth, being only tested to approximately 250m below ground surface. Parallel high-grade veins and adjacent low grades enveloping the veins offer the opportunity for a rapid upgrade in resource quantity and quality with strategically located drill holes.

这两个区域在走向和深度上都是开放的,仅在地表以下大约 250 米处进行测试。平行的高品位矿脉和环绕矿脉的相邻低品位矿脉为利用战略位置的钻孔快速提升资源数量和质量提供了机会。


1 Revised N.I. 43-101 Technical Report on the Geophysical Surveying, Diamond Drilling, Soil and Rock Sampling, and Resource Estimates of the Terra Property, Lime Hills Quadrangle, McGrath Mining District, Mt. McKinley Recording District, Alaska, USA; June 20, 2020. Report prepared by Mr. Ronald James (Jim) Robinson, B.Sc., P. Geo. Of Aurora Geoscience Ltd., 1901 Davis Ave. Unit B1, Juneau, AK99801, USA for Westmountain Gold Inc. 1001-A East Harmony Road, Suite 340, FT Collins, CO80525, USA.

1 修订后的 N.I. 43-101《关于地球物理测量、钻石钻探、土壤和岩石采样及资源估算的技术报告》,位于山州麦格拉思矿区 Lime Hills Quadrangle。美国阿拉斯加州麦金莱唱片区;2020年6月20日。报告由罗纳德·詹姆斯(吉姆)罗宾逊先生编写,理学学士,P. Geo。位于戴维斯大道 1901 号的奥罗拉地球科学有限公司旗下美国 AK99801 朱诺市 B1 单元,适用于 Westmountain Gold Inc. East Harmony Road 1001-A,340 号套房,FT Collins,CO80525,美国。

Terra has infrastructure and facilities at the site including: a 25-person camp facility with a mess tent, showers, water wells, laundry facilities, and privies, plus an office, core shack, storage area, a mill building, a storage shed, fuel depot, bulldozers and vehicle equipment, a road network and a 1,463m airstrip.

Terra在该场地的基础设施和设施包括:一个可容纳25人的营地设施,包括食堂帐篷、淋浴间、水井、洗衣设施和私人房间,以及办公室、核心小屋、存储区、工厂建筑、储藏棚、燃料库、推土机和车辆设备、道路网络和1463米的简易机场。

Services are available at Anchorage some 210 km to the southeast. A winter road from the Alaska Highway Network presently ends within 65 km of Terra and an all-weather road is planned by the state to replace the winter road in the near future. WestMountain has stated that there are no significant fish, wildlife, wetlands or environmental issues, no indigenous land claims and no Federal mining permits required.

在东南约210公里的安克雷奇提供服务。阿拉斯加公路网的一条冬季道路目前在距离Terra不到65公里处结束,该州计划在不久的将来修建一条全天候道路,以取代冬季道路。WestMountain表示,没有重大的鱼类、野生动物、湿地或环境问题,没有土著土地主张,也不需要联邦采矿许可证。

For more information on WestMountain's properties, please visit:

有关 WestMountain 房产的更多信息,请访问:

Mayo holds pipeline of drill-ready projects in the Yukon: Mayo controls 5 properties covering 244 square kilometres where it has completed extensive exploration over the last 12 years. Independent of any activities proposed for Terra, Mayo plans to drill prospective gold targets within the Anderson Gold Belt and to trench its Carlin West and AJ targets at its Carlin-Roop property in 2024. Mayo's Trail-Minto property, which may well host similar mineralization to that at Banyan Gold's AurMac or Victoria Gold's Eagle Mine (intrusion related with sheeted veining), will be the subject of additional groundwork before planned drilling in 2024.

梅奥在育空地区拥有一系列准备钻探的项目: 梅奥控制着占地244平方千米的5处房产,在过去的12年中,它已经完成了大规模的勘探 与Terra的任何拟议活动无关,梅奥计划在安德森金带内钻探潜在的黄金目标,并在2024年在其Carlin-Roop地产挖掘其Carlin West和AJ的目标。梅奥的Trail-Minto地产很可能与悦榕金的AurMac或维多利亚黄金的鹰矿相似(与板状矿脉相关的入侵),在计划于2024年进行钻探之前,将进行额外的基础工作。

The reader can access a number of maps and Mayo's history in addition to property news and descriptions and the current private placement Term Sheet that it has in place in order to complete this exploration at .

除了房地产新闻和描述以及为完成本次探索而制定的当前私募条款表外,读者还可以访问许多地图和梅奥的历史。

Qualified Person. The technical and scientific information contained within this news release has been reviewed and approved by Dr. Vern Rampton, P.Eng., a Qualified Person as defined by National Instrument 43-101 Standard of Disclosure for Mineral Projects ("NI 43-101). Rampton, in addition to data reported on relied on a technical report, dated June 20, 2020 (see footnote 1) and an internal report (2023) prepared for WestMountain and authored by Jim Robinson, B.SC., P.Geo. (QP). Rampton accepts responsibility for any interpretations or projections based on the information contained within the two reports. The information contained in these documents provides an indication of the exploration potential of Terra as interpreted by Rampton, but he cannot certify that the reported projections will result in development and mining

合格人士。 本新闻稿中包含的技术和科学信息已获得 P.Eng. Vern Rampton 博士的审查和批准,他是 National Instrument 43-101 定义的合格人员 矿业项目披露标准 (“在 43-101 中)。兰普顿除了依赖于2020年6月20日的技术报告(见脚注1)和为WestMountain编写、由P.Geo理学学士吉姆·罗宾逊撰写的内部报告(2023年)上报的数据外。(QP)。兰普顿对基于两份报告中所载信息的任何解释或预测承担责任。正如兰普顿所解释的那样,这些文件中包含的信息表明了Terra的勘探潜力,但他无法证实报告的预测将导致开发和采矿

About Mayo Lake Minerals Inc.:

关于梅奥湖矿业公司:

Mayo is actively engaged in the exploration and development of five precious metal projects in the Tombstone Gold (Plutonic) Belt of the Tintina Gold Province. The properties cover 244 square kilometres in the Yukon's Mayo Mining District and lie within the traditional territory of the Na-Cho Nyäk Dun First Nation. Mayo is presently focusing on its two flagship properties; the Carlin-Roop Silver Project lying within the Keno Hill Silver District and the promising Anderson-Davidson gold property. Two active mines; Victoria Gold's Eagle Gold Mine and Hecla Mining's Keno Silver mines are nearby.

梅奥积极参与丁蒂纳黄金省墓碑金(Plutonic)地带五个贵金属项目的勘探和开发。这些房产占地244平方公里,位于育空地区的梅奥矿区,位于Na-Cho Nyak Dun原住民的传统领土内。梅奥目前正专注于其两处旗舰物业:位于基诺山银区内的卡林-鲁普白银项目和前景光明的安德森-戴维森黄金地产。附近有两个活跃的矿山:维多利亚金矿的鹰金矿和赫克拉矿业的基诺银矿。

For additional information, please contact:

欲了解更多信息,请联系:

Vern Rampton, Ph.D., P.Eng. President & CEO; vrampton@mayolakeminerals.com Tel. 613-836-2594
Tyrell Sutherland, M.Sc., P. Geo., VP Exploration; tsutherland@mayolakeminerals.com
Darrell Munro, BB.A, LL.B Corporate Administrator; dmunro@mayolakeminerals.com Tel. 613-836-2594

维尔恩·兰普顿,博士,工程学硕士总裁兼首席执行官;vrampton@mayolakeminerals.com 电话 613-836-2594
泰瑞尔·萨瑟兰,理学硕士,地理学博士,勘探副总裁;tsutherland@mayolakeminerals.com
达雷尔·芒罗,BB.A,法学学士企业管理员;dmunro@mayolakeminerals.com电话:613-836-2594

About WestMountain Gold, Inc.:

关于 WestMountain Gold, Inc.:

WestMountain is a junior mineral exploration and development company that is seeking to explore and develop its current prospective advanced-stage Terra Gold Project in Alaska, consisting of 339 unpatented lode mining claims and 5 leased unpatented lode mining claims.

WestMountain是一家初级矿产勘探和开发公司,正在寻求勘探和开发其目前在阿拉斯加前景的后期Terra Gold项目,该项目包括339项未获专利的矿脉开采索赔和5项已租赁的未专利矿脉采矿索赔。

For additional information on WMG please contact: Rick Bloom, President & CEO: rick.bloom@outlook.com

有关 WMG 的更多信息,请联系: 总裁兼首席执行官里克·布鲁姆:rick.bloom@outlook.com

Cautionary Statement Regarding Forward-Looking Information

关于前瞻性信息的警示声明

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. The forward‐looking statements and information are based on certain key expectations and assumptions made by management of Mayo and WestMountain. Although management of Mayo and WestMountain believe that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward‐looking statements and information since no assurance can be given that they will prove to be correct.

本新闻稿包含适用证券法所指的前瞻性陈述和前瞻性信息。这些陈述与未来事件或未来表现有关。除历史事实陈述以外的所有陈述可能是前瞻性陈述或信息。前瞻性陈述和信息基于梅奥和WestMountain管理层做出的某些关键预期和假设。尽管梅奥和WestMountain的管理层认为此类前瞻性陈述和信息所依据的预期和假设是合理的,但不应过分依赖前瞻性陈述和信息,因为无法保证它们将被证明是正确的。

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of Mayo and WestMountain relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forwardlooking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forwardlooking statements and information contained in this news release. BECAUSE MAYO AND WESTMOUNTAIN HAVE ENTERED INTO A NON-BINDING LETTER OF INTENT, THERE IS NO ASSURANCE WHATSOEVER THAT THE CONTEMPLATED TRANSACTION WILL OCCUR. FURTHER, THERE IS NO ASSURANCE THAT MAYO WILL BE ABLE TO RAISE THE NECESSARY CAPITAL TO PROCEED WITH THE CONTEMPLATED TRANSACTION. BOTH MAYO AND WESTMOUNTAIN HAVE LIMITED CAPITAL.

提供前瞻性陈述和信息的目的是提供有关Mayo和WestMountain管理层当前对未来的预期和计划的信息。提醒读者,依赖此类陈述和信息可能不适合用于其他目的,例如做出投资决策。自从向前-外观陈述和信息涉及未来的事件和状况,就其本质而言,它们涉及固有的风险和不确定性。由于许多因素和风险,实际结果可能与目前的预期有重大差异。因此,读者不应过分依赖前言-查看本新闻稿中包含的陈述和信息。由于梅奥和WESTMOUNTAIN已经签订了不具约束力的意向书,因此无法保证预期的交易会发生。此外,无法保证梅奥能够筹集必要的资金来进行预期的交易。梅奥和韦斯特芒廷的资本都很有限。

The forwardlooking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forwardlooking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.

前锋-本新闻稿中包含的看似陈述和信息截至本文发布之日作出,不承诺公开更新或修改任何前瞻性声明-查看陈述或信息,无论是新信息、未来事件还是其他原因,除非适用的证券法有此要求。本警示声明明确限定了本新闻稿中包含的前瞻性陈述或信息。

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

加拿大证券交易所及其市场监管机构(该术语在加拿大证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。

SCHEDULE 'A"

日程安排 “A”

TERM SHEET (Rev. December 31, 2023)

条款表 (2023 年 12 月 31 日修订版)

Offering Any combination of Common Share Units and Flow Through Share Units up to $1,400,000.
Closing Date: On or about February 9, 2024 or such other date determined by the Corporation.
Unit Offering The Company shall offer Units (the "CS Units") at a price of $0.06 per Unit (the "CS Unit Offering"). Each CS Unit will be comprised of one common share (a "Common Share") and one (1) Common Share purchase warrant ("CS Warrant"). Each CS Warrant is exercisable into one (1) Common Share at a price of $0.09 per Common Share for a period of 48 months from the closing date. In the event of multiple closings, the day of the final closing will be the Closing Date of record.
Flow-Through Offering The Company shall offer Flow-Through Units ("FT Units") at a price of $0.08 per FT Unit (the "FT Unit Offering"). Each FT Unit will be comprised of one flow-through share in the capital of the Company (a "FT Share") and one purchase warrant ("Warrant"). Each Warrant is exercisable into one Common Share at a price of $0.12 for a period of 48 months from the closing date. Each FT Share will be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (the "Tax Act").
Use of Proceeds: The net proceeds received by the Corporation from the sale will generally be applied as follows:
  1. CS Unit funds will be primarily used to cover working capital, property Acquisitions and general operating costs;
  2. Flow Through Unit funds will be used for eligible exploration expenditures qualifying as "CEE" under the Tax Act and applicable regulations, on the Company's exploration properties in the Yukon.
Finders Fees Finders that source investment in the Offerings may earn a cash commission of up to 7% of the gross proceeds raised by such Finder and warrants ("Finder Warrants") valid for three years entitling the Finder to purchase that number of Common Shares equal to 7% of the number of Units or FT Units at sold by such Finder at $0.06 and $0.08 respectively.
Resale
Restrictions:
The securities issued pursuant to the Offering will be subject to a statutory hold period in Canada of four (4) months and one day after the Closing Date. Purchasers should consult their legal advisors in this regard. Securities held by residents in the United States will bear a legend regarding re-sale into the United States, which will be removed on request to the Corporation.
Offering Jurisdictions: The Common Share Units will be offered for sale to purchasers in: (i) all of the provinces and territories of Canada pursuant to available prospectus exemptions; (ii) the United States on a private placement basis only under Regulation D, Rule 144A or other available U.S. registration exemptions and (iii) jurisdictions outside of Canada and the United States, in accordance with all applicable laws provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction and the Corporation does not thereafter become subject to continuous disclosure obligations in such jurisdictions.
提供 普通股单位和流通股单位的任意组合,最高可达 1,400,000 美元。
截止日期: 2024年2月9日左右或公司确定的其他日期。
单位发行 公司应提供单位(“CS”) 单位“) 每件商品的价格为 0.06 美元(“CS 单位发行“)。每个CS单位将由一股普通股组成(a”普通股“) 和一 (1) 份普通股购买证 (”CS 逮捕令“)。每份 CS 认股权证均可行使 (1) 普通股,每股普通股价格为0.09美元,自截止日期起48个月。如果有多次收盘,则最后收盘日将是记录的截止日期。
直通式发行 公司应提供流通装置(”英尺单位“) 价格为每英尺单位 0.08 美元(”金融时报单位发行“)。每个英国《金融时报》单位将由公司资本中的一股流通股组成(a”金融时报股票“) 和一份购买权证 (”搜查令“)。每份认股权证可行使为一股普通股,价格为0.12美元,期限为 48 自截止日期起的几个月。每股英国《金融时报》股票将作为 “流通股” 发行 所得税法 (加拿大)(”《税法》“)。
所得款项的用途: 公司从出售中获得的净收益通常将按以下方式计算:
  1. CS单位的资金将主要用于支付营运资金、财产收购和一般运营成本;
  2. Flow Through Unit资金将用于支付根据税法和适用法规符合公司在育空地区勘探物业的 “CEE” 资格的合格勘探支出。
发现者费用 对本次发行进行投资的发现者可能获得的现金佣金最多为此类发现者和认股权证筹集的总收益的7%(”发现者认股证“)有效期为三年,使发现者有权分别以0.06美元和0.08美元的价格购买该数量的普通股,相当于该Finder出售的单位或FT单位数量的7%。
转售
限制:
根据本次发行发行的证券在加拿大的法定持有期为四(4)个月零一天,截止日期后。购买者应就此咨询其法律顾问。美国居民持有的证券将带有向美国转售的传说,该传说将应公司的要求移除。
提供司法管辖区: 普通股单位将根据可用的招股说明书豁免在以下情况下向加拿大所有省份和地区的买方出售;(ii)美国仅在D条例、第144A条或其他可用的美国注册豁免下以私募方式出售;(iii)根据所有适用法律,加拿大和美国以外的司法管辖区出售普通股单位,前提是无需提交招股说明书、注册声明或类似文件这样的司法管辖权,公司此后就不会成为但须遵守这些司法管辖区的持续披露义务。

NOT TO BE DISTRIBUTED TO NEWS WIRE SERVICES OR
DISSEMINATED IN THE UNITED STATES OF AMERICA

不得分发给新闻通讯社或
在美利坚合众国传播

To view the source version of this press release, please visit

要查看本新闻稿的源版本,请访问

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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