02:47:12 EDT Fri 09 May 2025
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Lion Rock Resources Inc (2)
Symbol ROAR
Shares Issued 63,718,685
Close 2025-03-12 C$ 0.21
Market Cap C$ 13,380,924
Recent Sedar Documents

Lion Rock Resources agreement for Volney property

2025-03-12 19:11 ET - Property Agreement

The TSX Venture Exchange has accepted for filing documentation with respect to the arm's-length acquisition of a 100-per-cent interest in and to the Volney property mining claims, located in Black Hills, Lawrence county, South Dakota.

Consideration is:

  1. Upon approval, $400,000 (U.S.) cash and 7,001,000 common shares;
  2. Within 10 days of the first-anniversary date of approval, $1.05-million (U.S.) cash, and the greater of the number of shares to keep the vendors' shareholdings at 9.9 per cent of issued and outstanding shares valued at $500,000 (U.S.). Prior to the first anniversary of approval, completion of $1-million (U.S.) in exploration expenditures;
  3. With 10 days of the second anniversary of approval, $1.95-million (U.S.) cash, and the greater of the number of shares to keep the vendors' shareholdings at 9.9 per cent of issued and outstanding, and shares valued at $750,000 (U.S.). Prior to the second anniversary of approval, completion of $1.5-million (U.S.) in exploration expenditures.

For complete details, please refer to the company's news releases dated Oct. 9, 2024, and March 11, 2025.

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