BULLETIN V2026-1802
NORTEC MINERALS CORP. ("NVT")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: May 26, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the arm's length acquisition of the Pearl Gold Project, consisting of 83 federal lode mineral claims located in Humboldt County, Nevada.
By way of consideration, the Company will make staged payments totaling $2,025,000. These payments are to be satisfied in cash or, at the election of the Company, a combination of cash and common shares. For the initial $25,000 payment, the Company may elect to issue shares for 100% of the value. For the subsequent $2,000,000 in staged annual payments, the Company may elect to issue shares for up to 50% of the value of each payment. All shares will be issued at a deemed price based on the 10-day volume weighted average price (VWAP) prior to the payment date, subject to a minimum floor price of $0.05 per share. The Property is subject to a net smelter return royalty in favor of a third party, a portion of which may be repurchased by the Company for $1,000,000 USD.
A finder's fee is not payable in connection with this transaction.
For further details, please refer to the Company's news releases dated February 25, 2026, and April 9, 2026.
_______________________________________
|
|
