Typhoon Exploration Inc. to Acquire Remainder of Fay West Property
24.08.2020 | CNW
PIEDMONT, Aug. 24, 2020 - Typhoon Exploration Inc. (TSXV: TYP) (« Typhoon » or « the Company ») finalized an agreement with Agnico Eagle Mines Limited to acquire its residual interest (49%) in the Fay West Property. In exchange, Typhoon will pay $25,000 in cash; issue 500,000 common shares; and grant a 2% net smelter return royalty on the Fay West Property. With this agreement, which is conditional to the TSX Venture Exchange's approval, Typhoon now controls 100% of the Fay West Property.
SOURCE Typhoon Exploration Inc.
Contact
Ghislain Morin, CEO, 819-354-9439, ghislainmorin@explorationtyphon.com; Serge Roy, Chairman of the Board, 819-856-8435, sergeroy@explorationtyphon.com