Search Minerals Inc. (SHCMF)

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Douginil, Chico:

It has already gone down, but here is the news.

http://searchminerals.ca/news/news-releases/search-minerals-signs-binding-letter-agreement-for-additional-property-in-labrador

Update: Search Minerals Up Near 3% as Signs Option Agreement for Properties in Labrador
BY MT Newswires
— 10:32 AM ET 06/17/2021

10:32 AM EDT, 06/17/2021 (MT Newswires) -- Search Minerals Inc.
, which lost 5.6% yesterday, said that it secured an option to acquire the Two Tom property in Labrador. The company at last look gained 2.9% in early Thursday trading on the TSXV.

To acquire the property, Search must pay $200,000 and issue 1.6 million shares. The vendors are entitled to a 3% net smelter royalty, and the company can acquire two-thirds of the royalty for $2 million.

Separately, Search signed a binding agreement for an option to acquire the Mann#1 project and another property near Two Tom Lake.

Consideration comprises $200,000 and the issuance of 1.6 million shares, payable over four years. Vendors will receive a 3.0% net smelter royalty on the property near Two Tom Lake, with Search having the right to buy 2.5% of the royalty for $2 million.

Price: 0.18, Change: +0.01, Percent Change: +2.94

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.


http://searchminerals.ca/news/news-releases/search-minerals-signs-binding-letter-agreement-for-additional-property-in-labrador