Bessor Renegotiates Redhill Option Payments
07 Agosto 2019 - 7:00AM
Bessor Minerals Inc. (TSXV:BST) (“Bessor”) is pleased to announce
that it and Homegold Resources Inc. have agreed to modify certain
terms of the Redhill project Option Agreement. The original
Agreement required a $40,000 cash option payment in 2019 and 2020.
In the modified Agreement, the 2019 option payment will comprise
$7,500 cash and 300,000 shares while the 2020 option payment will
comprise $12,500 cash, 500,000 shares and a further exploration
expenditure of $100,000 or the option is terminated. As well, the
final option payment due on the tenth anniversary has been
increased by $20,000 to $255,000. The amendments are subject to TSX
Venture Exchange approval.
BESSOR MINERALS INC.
Kieran Downes, Ph.D., P.Geo.President, CEO &
Director
For further information,
contact:Investor Relations Tel: 250-729-0453Email:
info@bessorminerals.com Website:
www.bessorminerals.com
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 news release.
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