BULLETIN V2026-2275
SAGA METALS CORP. ("SAGA")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: July 8, 2026
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to the arm's acquisition of the issued and outstanding shares of Catalyst, which itself holds a 100% interest in the Wolverine REE Project (the "Project") in Labrador.
The initial consideration comprises of 4,249,982 Common Shares and a cash payment of $1,000,000 to be paid to the Vendors within 120 days from the Closing. An aggregate of 12,000,000 Common Shares and $2,000,000 cash payments are to be made over two milestone triggered events related to the establishment of a mineral resource estimate on the Project. An additional three milestone events related to the completion and of a preliminary economic assessment, pre-feasibility study and feasibility study may result in an additional consideration of an aggregate of up to 30,000,000 Common Shares at a floor price of $0.50 and $3,000,000 cash payments to the Vendors. Shares issued under this consideration are subject to 36-month escrow and/or resale restrictions.
For further details, please refer to the Company's news releases dated April 14, 2026.
_______________________________________
|
|
