Mr. Sylvain Laberge reports
1844 PROVIDES ADDITIONAL DETAILS ON ITS OPTION AGREEMENT TO ACQUIRE UP TO A 100% INTEREST IN THE HIGH-GRADE HAWK RIDGE NICKEL/COPPER PROJECT IN QUEBEC
1844 Resources Inc.'s option agreement with Nickel North Exploration Corp. (NNX) is an arm's-length transaction and no finders' fees are payable in connection with the option agreement.
The completion of the transaction is subject to several conditions, including, but not limited to, the approval of the TSX Venture Exchange and all other necessary approvals, including shareholder approval by NNX shareholders for the fourth and fifth options. Pursuant to the terms of the option agreement, NNX is required to receive lock-up and support agreements from shareholders holding not less than 60 per cent of NNX's common shares. Additional information on the transaction will be provided in a subsequent news release.
About 1844 Resources Inc.
1844 is an exploration company with a focus in strategic and energetic metals and underexplored regions of Quebec With a dedicated management team, the company's goal is to create shareholder value through the discovery of new deposits.
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