Great Republic Mining Announces Amendment to Porcher Island Property Agreement and Anniversary Shares Issuance
21.09.2024 | vom Unternehmen
Vancouver Sept. 20th, 2024 - Great Republic Mining Corporation (“Great Republic”, the “Company”, or “GRM”) GRM.CSE has announced an amendment to the Porcher Island property agreement and anniversary issuance of shares for the property.Under original property agreement, if Great Republic were to terminate the option agreement, the Company will need to maintain and keep the property current for 12 months. In lieu of this the property vendors have agreed to accept 420,000 shares of GRM.
Additionally, as part of the 24 months anniversary of the Porcher Island property agreement, the Company has issued 500,000 shares of GRM to the vendors.
All other work and share issuance commitment dates from original contract remain the same. All shares issued to the property vendors are subject to a hold period of four months and one day from the date of issuance.
About Great Republic Mining Corp.
Great Republic is a Canadian exploration company engaged in the business of acquiring and exploring mineral resource properties – founded by a team with extensive geological, mining, and capital markets experience. Great Republic has an option to acquire a 100% interest in the Porcher Property, which is composed of nine contiguous mineral titles covering an area of 3,560.4 hectares in the northwest part of British Columbia, Canada, approximately 40 kilometers southwest of the city of Prince Rupert on Porcher Island.
On Behalf of the Board of Directors
Jerry Huang
Chief Financial Officer and Director
For further information, please contact:
Great Republic Mining Corporation
Jerry Huang, Chief Financial Officer and Director
Tel: 778-887-6489
Email: info@greatrepublic.ca
Disclaimer for Forward-Looking Information
Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding Great Republic’s exploration plans. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits Great Republic will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.