The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of outstanding streaming assets over the producing Minera Don Nicolas mine in Argentina and the Lagoa Salgada project in Portugal, pursuant to a share purchase agreement between Cerrado Gold Inc. and the arm's-length parties: Sprott Private Resource Streaming and Royalty (B) Corp. and Sprott Private Resource Streaming and Royalty (Collector) LP.
Pursuant to the terms of the agreement, the company satisfied the aggregate purchase price of approximately $31.34-million (U.S.) by (i) paying upfront consideration of approximately $11.3-million (U.S.) comprising $8-million (U.S.) in cash and three million common shares of the company to the vendors at a deemed price of $1.5719 per share; (ii) issuing a non-interest-bearing $8-million (U.S.) promissory note maturing on, and to be settled in cash on or before, Oct. 6, 2026, and (iii) issuing a non-interest-bearing $12-million (U.S.) promissory note maturing on, and to be settled in cash on or before, Jan. 4, 2027.
For further details, please refer to the company's news release dated July 20, 2026.
© 2026 Canjex Publishing Ltd. All rights reserved.