QualityStocksNewsBreaks – Powermax Minerals Inc. (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) Issues Shares and Initial Payment Under Pinard Project Option Agreement
This article has been disseminated on behalf of Powermax Minerals Inc. and may include paid advertising. Powermax Minerals (CSE: PMAX) (OTCQB: PWMXF) (FSE: T23) announced it has issued 160,000 common shares and made an $18,000 initial milestone payment to the property optionors as part of its Option Agreement to acquire a 100% interest in the Pinard Rare Earths project in northern Ontario, a 255-claim, 5178-ha property accessible by all-weather road. The agreement includes total consideration of 320,000 shares and $90,000 in cash over three years, along with a 1.5% NSR that Powermax may reduce to 1.0% through a $500,000 buyback;…
