Kermode Resources (TSE:KLM) has released an update.
Kermode Resources Ltd. has announced a new Shares for Services agreement with 802213 Alberta Ltd., aimed at covering costs related to mineral exploration activities. This agreement allows Kermode to issue common shares as compensation, with a cap of $100,000 per month or $1.2 million for the full term, ensuring that the consultant’s undiluted share position does not exceed 10% of the company’s total shares.
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