Callinex Mines (TSE:CNX) has released an update.
Callinex Mines Inc. has finalized an option agreement to acquire a 100% interest in the Alberts Lake Project in Manitoba, promising to issue common shares to Voyageur Mineral Explorers Corp. over four years, with the potential for cash payments instead. The agreement also grants Voyageur a 1.5% net smelter return royalty after Callinex secures full project interest, with options to buy back a portion of the royalty.
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