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Conquest Resources Limited: Conquest to Acquire DGC Property in Afton Township
Grants Incentive Stock Options
Toronto, Ontario (Newsfile Corp. - March 16, 2021) -
Conquest Resources Limited (TSXV: CQR) ( Conquest or the Company ) announced today that it has entered into a Purchase and Sale Agreement with Teck Resources Limited (
Teck ) whereby Conquest will acquire a 100% interest in the DGC Ni-Cu-PGE property located in Afton Township, Ontario.
Conquest has agreed to issue 1,800,000 million shares to Teck in consideration for a 100% interest in the DGC property subject to a 2% NSR which to be retained by Teck. In addition, Teck has agreed to surrender to Conquest for cancellation 1,100,000 warrants of Canadian Continental Exploration Corp. ( CCEC ) issued to Teck pursuant to the DGC Option/JV Agreement dated October 7, 2013 between Teck and CCEC. CCEC was acquired by Conquest in 2020. The Agreement is subject to TSXV acceptance.
Conquest Resources Limited: Conquest Completes Expanded Airborne Survey and Readies Belfast Copper Project for Exploration Drilling finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Conquest Resources Limited: Conquest Closes Private Placement
Toronto, Ontario (Newsfile Corp. - December 17, 2020) -
Conquest Resources Limited (TSXV: CQR) is pleased to announce that it has closed the final tranche of its previously announced $850,000 non-brokered private placement flow-through financing.
Conquest today closed the final tranche of the financing involving the placement of 2,325,000 shares at a subscription price of $0.20 per share, to raise gross proceeds of $465,000. Total proceeds raised in the financing was $850,000.
The gross proceeds of the flow through share financing will be used to incur qualifying Canadian exploration expenses , within the meaning of the Income Tax Act (Canada), for drilling and other exploration programs at the Company s Golden Rose and Belfast Project properties in Ontario.