Market Overview

Typhoon to Acquire Remainder of Fay West Property

Share:

PIEDMONT, QC, Aug. 24, 2020 /CNW Telbec/ - 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.

Cision View original content: http://www.newswire.ca/en/releases/archive/August2020/24/c9324.html

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com