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JNC Resources Inc.: JNC Resources Closes Definitive Agreement with Southern Precious Metals Ltd. in Escrow


JNC Resources Inc.: JNC Resources Closes Definitive Agreement with Southern Precious Metals Ltd. in Escrow
nd, 2021 news release, JNC Resources Inc. (
JNC or the
and Southern Precious Metals Limited (
SPML ) are pleased to announce the closing in escrow of the Definitive Agreement in which JNC has effectively acquired a 100% interest in SPML, and its subsidiary which hold 100% interests in the Malebo and Solomons Properties in New South Wales (NSW) Australia. The Company issued six million (6,000,000) common shares (the
Purchase Shares ) to the shareholders (
Shareholders ) of SPML in exchange for all of the issued and outstanding shares of SPML. The SPML Shareholders have entered into undertakings wherein the Purchase Shares, which are otherwise free-trading, will be released as to 25% on closing (the ....

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JNC Resources Signs Definitive Agreement with Southern Precious Metals Ltd.


Press release content from Accesswire. The AP news staff was not involved in its creation.
JNC Resources Signs Definitive Agreement with Southern Precious Metals Ltd.
March 2, 2021 GMT
VANCOUVER, BC / ACCESSWIRE / March 2, 2021 / JNC Resources Inc. (CSE:JNC)(OTCBB:JNCCF)(FRA:5VH) (“JNC” or the “Company”) and Southern Precious Metals Limited (SPML) are pleased to announce the signing of the definitive agreement (replacing the LOI signed December 8th, 2020), in which JNC will acquire a 100% interest in SPML and their assets, the Malebo and Solomons properties in New South Wales (NSW) Australia. In signing this definitive agreement with SPML, JNC would like to specifically thank and welcome key shareholders Dr. Chris Wilson and Dr. Quinton Hennigh for all their hard work and diligence in reaching this agreement. We look forward to leaning on both Dr. Wilson and Dr. Hennigh for their experience and advice to further these premier properties. ....

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