NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO, Jan. 25, 2022 (GLOBE NEWSWIRE) — Forsys Metals Corp. (TSX: FSY) (FSE: F2T) (NSX: FSY) (“ Forsys ” or the “ Company ”) is pleased to announce that B2Gold Mining Investments Limited and B2Gold Namibia (Proprietary) Limited (together “B2Gold”) has exercised its call option to increase its existing shareholding in Razorback Gold Mining Company (Pty) Limited (“Razorback”) to 100% (the “call option”). Pending the completion of the exercise, Forsys currently owns a 51% interest in Razorback.
Razorback holds the Ondundu Exclusive Prospecting Licence (“EPL 3195”) for base, rare and precious metal exploration.
The consideration for exercise of the call option is a net amount of US$7,716,118. being the option price of US$8,500,000 less the fees paid by B2Gold for the extension of the option period of US$250,000 and less the other payments made by B2Gold […]
Click here to view original web page at finance.yahoo.com
Posting Guidelines
- Do contribute something to the discussion
- Do post factual information, analysis and your view on company valuations
- Do disclose if you have an interest in a security
- Do take our Terms of Use seriously
- Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
- Do not complain about a post unless you have reported it first, and not on the forum.
- Do not post financial advice
- Do not advertise or post sponsored content
Get involved!
Get Connected!
Come and join our community. Expand your network and get to know new people!
Comments