Palamina Receives US$100,000 Advance Royalty Payment From Winshear Gold Corp.
Palamina Receives US$100,000 Advance Royalty Payment From Winshear Gold Corp.
Toronto, Ontario--(Newsfile Corp. - September 11, 2024) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has received a US$100,000 Advance Royalty ("AR") payment from Winshear Gold Corp. ("Winshear") (TSXV: WINS). The AR payment was due pursuant to a property purchase agreement signed on September 19, 2019. The agreement sets out annual AR anniversary payments and a 2% NSR royalty per project due to Palamina from Winshear. In September of 2025 a further US$100,000 payment is due from Winshear to Palamina to maintain Winshear's Gaban and Ica claims.
安大略多倫多(資訊社-2024年9月11日) - Palamina Corp. (tsxv: PA) (OTCQB: PLMNF)收到了來自Winshear Gold Corp.(「Winshear」)(tsxv:WINS)的US$100,000的預付版稅(「AR」)款項。 AR款項應於2019年9月19日簽署的財產購買協議項下支付。 該協議規定了每年AR紀念日支付和每個項目對Palamina由Winshear支付的2%的淨進口稅版稅。2025年9月,Winshear還需要向Palamina支付額外的US$100,000款項,以保持Winshear對加班和伊卡索的索賠。
Palamina also holds 4,833,333 common shares in Winshear representing a 15.4% ownership interest in Winshear. Winshear is scheduled to begin an inaugural 1,600 metre drilling program at its Gaban Gold Project by the end of September 2024. Drilling is also underway at Palamina's Usicayos Gold Project.
Palamina還持有Winshear的4,833,333股普通股,佔Winshear的15.4%的所有權。Winshear計劃在2024年9月底前在其加班黃金項目進行首度1600米的鑽探項目。Palamina的Usicayos黃金項目也在進行鑽井作業。
In 2024, Palamina shareholders have participation in two drilling programs on gold projects in the drill discovery phase in the under-explored Puno Orogenic Gold Belt with a 15.4% ownership interest in Winshear and a 2% NSR royalty on all of Winshear's projects.
在2024年,Palamina股東對位於秘魯東南部的Puno Orogenic黃金帶的兩個探礦項目有參與權,持有Winshear的15.4%的股權,以及對Winshear所有項目的2%的淨進口稅版稅。
Technical Information
The technical information herein has been reviewed and approved by Alvaro Fernandez-Baca (P. Geo.); a Qualified Person as defined by National Instrument 43-101. Mr. Fernandez-Baca is Vice President of Exploration to Palamina.
技術信息
本技術信息經Alvaro Fernandez-Baca(P. Geo.)審核和批准;作爲《國家43-101號指令》定義的合格人員。 Fernandez-Baca先生是Palamina的勘探副總裁。
About Palamina Corp.
Palamina is an exploration company with a land bank of gold projects in the Puno Orogenic Gold Belt in southeastern Peru. Palamina is adding value through drill discovery at its Usicayos gold project. Palamina also has an "acquire and hold" strategy with copper silver assets in southeastern and northeastern Peru. Palamina holds a 15.4% equity interest in Winshear Gold Corp. (TSXV: WINS) and a 2% NSR royalty on all their projects. Winshear plans to conduct an inaugural drill program at their Gaban Gold Project in 2024. Palamina has 71,284,836 shares outstanding and trades on the TSX Venture Exchange under the symbol PA and on the OTCQB Venture Market under the symbol PLMNF.
關於Palamina公司
Palamina是一家在秘魯東南部的Puno Orogenic黃金帶擁有黃金項目的勘探公司。Palamina通過在其Usicayos黃金項目的鑽探發現中增加價值。 Palamina還在秘魯的東南部和東北部擁有銅銀資產,並具有"收購和持有"策略。Palamina在Winshear Gold Corp. (tsxv:WINS)持有15.4%的股權,並對其所有項目享有2%的淨進口稅版稅。 Winshear計劃在其Gabana金礦項目中進行首度鑽探項目。Palamina擁有71,284,836股流通股,並在tsxv交易所以PA爲代碼進行交易,在OTCQb創業市場以PLMNF爲代碼進行交易。
On Behalf of the Board of Directors:
Andrew Thomson, President
Phone: (416) 204-7536 or visit
代表董事會:
Andrew Thomson總裁
電話:(416)204-7536或訪問
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
TSX Venture Exchange及其監管服務提供商(如TSX Venture Exchange的政策所定義)不接受此發佈的充分性或準確性
This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements include, but are not limited to, the use of proceeds of the Offering and the Company's future business plans. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. A more complete discussion of the risks and uncertainties facing the Company appears in the Company's continuous disclosure filings, which are available at .
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