Monday, April 04, 2022 11:24:11 AM
$VGLS has Reached a Definitive Agreement to Acquire Tamra Mining and Executed a Definitive Joint Venture Agreement with SOPerior Fertilizer Corporationhttps://t.co/HbXK4oGkmm
— $vgls (@vglsinc) November 24, 2020
$VGLS has Reached a Definitive Agreement to Acquire Tamra Mining and Executed a Definitive Joint Venture Agreement with SOPerior Fertilizer Corporation
https://www.soperiorfertilizer.com/files/doc_news/2022/Mar28-2022.pdf
March 28th, 2022, Toronto, ON, Canada – SOPerior Fertilizer Corp. (the “Company”) (NEX:
SOP.H). Further to its press release on Dec 5th
, 2021, wherein the Company announced it had entered into
an Exclusivity Agreement with a counterparty with respect to a JV Agreement (“JV”) for the development
of its Blawn Mountain alunite asset, the counterparty has to-date paid USD $380,000 in non-refundable
exclusivity payments to secure the JV transaction until the closing date which must occur before the end
of Q2, 2022. If the JV is not closed by April 1, 2022, an additional USD $75,000 is due from the
counterparty to extend the exclusivity. Of the funds received from the counterparty, USD $150,000 was
applied to the debt outstanding to Lind Asset Management VIII LLC and USD $104,000 was used to pay
SITLA lease fees. The terms and conditions of the JV Agreement are unchanged from those outlined in
the August 24, 2020 press release
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=160041586
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