06:35:00 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Magna Terra Minerals Inc (2)
Symbol MTT
Shares Issued 66,204,355
Close 2022-09-26 C$ 0.035
Market Cap C$ 2,317,152
Recent Sedar Documents

Magna Terra agreement for Cape Spencer property

2022-09-27 19:52 ET - Property Agreement

The TSX Venture Exchange has accepted for filing documentation with respect to the amended terms of the arm's-length acquisition of a 100-per-cent interest in the Cape Spencer property. To acquire the property, Magna Terra Minerals Inc. is now required to pay a total of $350,000 (payable in cash and/or consideration shares) and $145,000 in milestone payments (payable in cash and/or consideration shares) based on certain exploration activities until Aug. 9, 2025. The maximum number of shares issuable by the company with respect to the potential share consideration payment is 3,331,159 shares. All share issuances will be based on the greater of five cents per share or the 20-day volume weighted average price on the date a payment is due.

For more information, refer to the company's news releases dated Aug. 19, 2021, and Sept. 15, 2022.

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