TRU Precious Metals Receives Shareholder and TSXV Approval for Golden Rose Option Agreement with Eldorado Gold
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) has secured both shareholder and TSX Venture Exchange approval for its definitive earn-in agreement with Eldorado Gold . This Option Agreement grants Eldorado the exclusive right to earn an 80% ownership interest in TRU's Golden Rose Project in Central Newfoundland. The project is strategically positioned along the gold deposit-bearing Cape Ray - Valentine Lake Shear Zone.
The closing of the agreement now hinges on TRU receiving a drilling permit for Golden Rose from the Mineral Lands Division of the Newfoundland government. This permit is anticipated to be issued in August. Full details of the Option Agreement are available in TRU's July 30, 2024 news release and will be filed on SEDAR+.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) ha ottenuto l'
La chiusura dell'accordo ora dipende dal fatto che TRU riceva un permesso di perforazione per Golden Rose dalla Divisione dei Terreni Minerali del governo di Terranova. Si prevede che questo permesso venga emesso ad agosto. Maggiori dettagli dell'Accordo di Opzione sono disponibili nel comunicato stampa di TRU del 30 luglio 2024 e saranno archiviati su SEDAR+.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) ha obtenido la aprobación de los accionistas y del TSX Venture Exchange para su acuerdo definitivo de earn-in con Eldorado Gold. Este Acuerdo de Opción otorga a Eldorado el derecho exclusivo a adquirir un 80% de participación en el Golden Rose Project de TRU, ubicado en el Centro de Terranova. El proyecto está estratégicamente situado a lo largo de la Zona de Cizalla Cape Ray - Valentine Lake, rica en depósitos de oro.
El cierre del acuerdo ahora depende de que TRU reciba un permiso de perforación para Golden Rose de la División de Tierras Minerales del gobierno de Terranova. Se anticipa que este permiso se emita en agosto. Los detalles completos del Acuerdo de Opción están disponibles en el comunicado de prensa de TRU del 30 de julio de 2024 y se archivarán en SEDAR+.
TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)는 주주 및 TSX 벤처 거래소의 승인을 받아 Eldorado Gold와의 최종 수익 분배 계약을 체결했습니다. 이 옵션 계약은 Eldorado에게 TRU의 중앙 뉴펀들랜드에 위치한 Golden Rose Project의 80% 지분을 취득할 수 있는 독점적 권리를 부여합니다. 이 프로젝트는 금 광상이 있는 Cape Ray - Valentine Lake 전단대에 전략적으로 위치해 있습니다.
계약의 체결은 이제 TRU가 뉴펀들랜드 정부의 광물 토지 부서에서 Golden Rose에 대한 채굴 허가를 받는 데 달려 있습니다. 이 허가는 8월에 발급될 것으로 예상됩니다. 옵션 계약의 전체 세부사항은 TRU의 2024년 7월 30일 보도자료에서 확인할 수 있으며, SEDAR+에 제출될 것입니다.
La société TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) a obtenu l'
La conclusion de l'accord dépend désormais de la réception par TRU d'un permis de forage pour Golden Rose de la Division des Terres Minérales du gouvernement de Terre-Neuve. Ce permis devrait être délivré en août. Tous les détails de l'Accord d'Option seront disponibles dans le communiqué de presse de TRU du 30 juillet 2024 et seront déposés sur SEDAR+.
Die TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF) hat sowohl die Zustimmung der Aktionäre als auch die Genehmigung der TSX Venture Exchange für ihren endgültigen Earn-In-Vertrag mit Eldorado Gold erhalten. Dieses Optionsabkommen gewährt Eldorado das exklusive Recht, einen 80%igen Anteil am Golden Rose Project von TRU in Zentral-Neufundland zu erwerben. Das Projekt ist strategisch entlang der goldhaltigen Cape Ray - Valentine Lake Scherzone positioniert.
Der Abschluss des Vertrags hängt nun davon ab, dass TRU eine Bohrgenehmigung für Golden Rose von der Mineralienabteilung der Regierung von Neufundland erhält. Diese Genehmigung wird voraussichtlich im August erteilt. Vollständige Einzelheiten des Optionsabkommens sind in der Pressemitteilung von TRU vom 30. Juli 2024 verfügbar und werden auf SEDAR+ eingereicht.
- Obtained shareholder and TSX Venture Exchange approval for the Option Agreement
- Potential for Eldorado Gold to earn 80% ownership in the Golden Rose Project
- Strategic location of the project along a gold deposit-bearing shear zone
- Closing of the agreement is contingent on receiving a drilling permit
- Potential dilution of TRU's ownership in the Golden Rose Project to 20%
TORONTO, ON / ACCESSWIRE / August 1, 2024 / TRU Precious Metals Corp. (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) ("TRU" or the "Company") is pleased to announce that, further to its news release dated July 30, 2024, it has obtained both shareholder approval and TSX Venture Exchange approval of the definitive earn-in agreement (the "Option Agreement") transaction with Eldorado Gold Corporation (TSX:ELD)(NYSE:EGO) ("Eldorado"). Pursuant to the Option Agreement, Eldorado has been granted the exclusive option (the "Option") to earn an
Closing of the Option Agreement remains subject to TRU's receipt of a drilling permit for Golden Rose from the Mineral Lands Division of the Newfoundland government ("Mineral Lands"). The permit application is under review by Mineral Lands and is expected to be issued within the month of August.
Additional terms of the Option Agreement can be found in the Company's news release dated July 30, 2024. A copy of the Option Agreement will be filed under TRU's SEDAR+ profile at www.sedarplus.ca. The description of the Option Agreement contained herein is qualified by the complete text of the Option Agreement.
About Eldorado Gold Corp.
Eldorado is a gold and base metals producer with mining, development and exploration operations in Türkiye, Canada and Greece. The Company has a highly skilled and dedicated workforce, safe and responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities. Eldorado's common shares trade on the Toronto Stock Exchange (TSX:ELD) and the New York Stock Exchange (NYSE:EGO).
About TRU Precious Metals Corp.
TRU (TSXV:TRU)(OTCQB:TRUIF)(FSE:706) is on a mission to build long-term shareholder value through prudent natural resource property development and transactions. TRU is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt on its
TRU is a portfolio company of Resurgent Capital Corp. ("Resurgent"), a merchant bank providing venture capital markets advisory services and proprietary financing. Resurgent works with promising public and pre-public micro-capitalization companies listing on Canadian stock exchanges. For more information on Resurgent and its portfolio companies, please visit Resurgent's website at https://www.resurgentcapital.ca/ and follow Resurgent on LinkedIn at https://ca.linkedin.com/company/resurgent-capital-corp.
For further information about TRU, please contact:
Joel Freudman
Co-Founder & CEO
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Email: ir@trupreciousmetals.com
To connect with TRU via social media, below are links:
Twitter: https://twitter.com/TRUMetals
YouTube: https://www.youtube.com/@TruMetalsCorp
LinkedIn: https://www.linkedin.com/company/tru-precious-metals-corp/
Instagram: https://www.instagram.com/TRUMetals/
Facebook: https://www.facebook.com/TRUMetals/
Acknowledgement
TRU would like to thank the Government of Newfoundland and Labrador for financial support through the Junior Exploration Assistance Program and the Federal Government for its critical mineral assistance funding for the exploration activities at Golden Rose.
Forward-Looking Statements and Disclaimers
This press release contains certain forward-looking statements, including those relating to performance of the Option Agreement, the Company's relationship with Eldorado, the Company's permit application with Mineral Lands, and exploration plans for the Golden Rose Project. These statements are based on numerous assumptions regarding the Option Agreement, the Project, Mineral Lands permitting, and the Company's operations at Golden Rose that are believed by management to be reasonable in the circumstances, and are subject to a number of risks and uncertainties, including without limitation: the Option may never be exercised by Eldorado as proposed or at all; the exploration potential of the Golden Rose Project; delays in obtaining necessary permits; risks inherent in mineral exploration activities; and those other risks described in the Company's continuous disclosure documents. Actual results may differ materially from results contemplated by the forward-looking statements herein. Investors and others should carefully consider the foregoing factors and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements herein except as required by applicable securities laws.
This press release is solely the responsibility of TRU, and Eldorado is not in any way responsible or liable for the contents hereof.
Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: TRU Precious Metals Corp.
View the original press release on accesswire.com
FAQ
What approvals has TRU Precious Metals (TRUIF) received for its Golden Rose Option Agreement?
What is the ownership structure proposed in TRU Precious Metals' (TRUIF) Option Agreement with Eldorado Gold?
What is the final condition for closing the Option Agreement between TRU Precious Metals (TRUIF) and Eldorado Gold?
When is TRU Precious Metals (TRUIF) expected to receive the drilling permit for the Golden Rose Project?
