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.
安大略省多倫多--(Newsfile Corp.——2023年4月17日)- S2 Minerals Inc. (案例:STWO)(”S2“或者”公司“)宣佈已收購880份採礦索賠(”財產“)位於安大略省的維凱湖、吉福德湖、奧皮基根湖、弗隆德湖、裏奇湖和儲備湖地區。
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.
該物業是根據截至2023年4月14日的轉讓協議從公司內部人士手中收購的。該內部人士以30萬美元的現金支付和2%的冶煉廠淨回報特許權使用費從一個獨立的第三方手中收購了該財產(”特許權使用費“)並同意,如果該財產在2024年3月之前轉讓給一家上市公司,則該上市公司將發行50,000美元的普通股(”股份“)。公司承擔了特許權使用費下的義務,向內部人士支付了30萬美元,併發行了526,315股股票,每股認定價格爲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.
財產的轉讓和特許權使用費的承擔可能是 “關聯方交易”,因此受多邊文書61-101的約束—— 在特殊交易中保護少數證券持有人 (”MI 61-101“) 由於公司已從中收購財產,因此承擔了關聯方在特許權使用費下的義務。但是,MI 61-101第5.4(1)節規定,此類分配和假設不需要進行正式估值,MI 61-101第5.7(1)(a)條規定,公司不受獲得少數股東批准的要求的約束,因爲關聯方獲得的任何與此類轉讓和假設相關的對價的公允市場價值低於公司市值的25%。
About S2 Minerals Inc.
關於 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. 是一家加拿大礦產勘探公司,在安大略省持有桑迪湖項目。桑迪湖項目包括位於安大略省紅湖以北約140英里處的桑迪湖太古綠石帶中約16.7萬英畝的連續礦產索賠。S2實益持有約13.7萬英畝礦產權的100%權益,在 “Weebigee合資企業” 索賠的約15,000英畝中持有50.1%的權益,在與Goldeye Explorations Limited(現爲財政金屬公司的一部分)合資的另外15,000英畝南方區塊索賠中持有50.1%的權益。預計隨着時間的推移,S2可能會在其投資組合中增加新的以加拿大爲重點的勘探階段項目。
For further information please contact:
欲瞭解更多信息,請聯繫:
Dan Noone
CEO
+1.416.628.5904
Email: info@s2minerals.com
Dan Noone
首席執行官
+1.416.628.5904
電子郵件:info@s2minerals.com
Forward-Looking Statements
前瞻性陳述
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.
本新聞稿包含某些前瞻性陳述,包括但不限於有關在其投資組合中增加項目的聲明。儘可能使用諸如 “可能”、“將”、“應該”、“可以”、“期望”、“計劃”、“打算”、“預期”、“相信”、“估計”、“預測” 或 “潛在” 之類的詞語或這些詞語的否定或其他變體,或類似的詞語或短語,來識別這些前瞻性陳述。這些聲明反映了管理層目前的信念,並基於截至本文發佈之日管理層目前可獲得的信息。
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.
前瞻性陳述涉及重大風險、不確定性和假設。許多因素可能導致實際業績、業績或成就與前瞻性陳述中討論或暗示的結果存在重大差異。應仔細考慮這些因素,讀者不應過分依賴前瞻性陳述。儘管本新聞稿中包含的前瞻性陳述基於管理層認爲合理的假設,但公司無法向讀者保證實際業績將與這些前瞻性陳述一致。除非法律要求,否則公司沒有義務更新或修改它們以反映新的事件或情況。
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