55 North Mining Inc. Pronounces
TORONTO, ON / ACCESSWIRE / September 6, 2022 / 55 North Mining Inc. (CSE:FFF) (“55 North” or the “Firm”) proclaims modification to the choice settlement for the Final Hope Gold Challenge positioned in Manitoba, Canada.
The Firm has efficiently amended the schedule on the ultimate cost of $3,000,000 for the property. The amended settlement extends the ultimate cost by three years to September 5, 2025.
The events have additionally agreed to incorporate an annual cost of $100,000 to be paid on September 5, 2022, 2023 and 2024. The September 2022 cost has been paid.
Pursuant to the amended settlement, the Firm shall pay $200,000 in addition to situation 5,000,000 frequent shares of 55 North Mining Inc. to the Optionor.
President and CEO Bruce Reid states
“We’re very happy with the willingness of our possibility holder to amend the choice settlement and look ahead to advancing the Excessive-Grade Final Hope Gold Challenge.”
About 55 North Mining Inc.
55 North Mining Inc. was included underneath the Canada Enterprise Companies Act on December 5, 2008. The present enterprise of the Firm is the exploration and growth of its high-grade Final Hope Gold Challenge positioned in Manitoba, Canada.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Mr. Bruce Reid
Chief Government Officer, Director
55 North Mining Inc.
[email protected]
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This information launch of 55 North incorporates statements that represent “forward-looking statements.” Such forward-looking statements contain recognized and unknown dangers, uncertainties and different components that will trigger the Firm’s precise outcomes, efficiency or achievements, or developments within the trade to vary materially from the anticipated outcomes, efficiency or achievements expressed or implied by such forward-looking statements.
SOURCE: 55 North Mining Inc.
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https://www.accesswire.com/714851/55-North-Mining-Inc-Pronounces-Possibility-Settlement-Modification-for-Final-Hope-Gold-Challenge-Manitoba
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