09:49 AM EST - Element79 Gold Corp : Announces that further to its November 17, 2022 release, the Company has entered into an Asset Purchase Agreement for the sale of two properties from its Battle Mountain Portfolio located in the gold mining district of northeastern Nevada, US to a subsidiary of Centra Mining Ltd.
Under the terms of the Agreement, Centra has agreed to purchase all of Element79 Gold's interests and obligations in relation to the Long Peak Project and the Stargo Project in exchange for a total consideration of CAD 1,000,000 payable by the issuance of an aggregate of 2,500,000 common shares of Centra at a deemed price of CAD 0.40 per share. The transaction is expected to close on or before June 30, 2023, and is subject to regulatory approval. Element79 Gold Corp
shares C.ELEM are trading up one cent at $0.06.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=ELEM%3ACNX&qmodStoryID=7589642005248051
