Canadian Silver Hunter Announces Completion of Acquisition of Properties in Cobalt, Ontario, by Kuya Silver Corporation
Toronto, April 20, 2023 - Canadian Silver Hunter Inc. (TSXV: AGH.H) (the "Company") is pleased to announce that further to its press release of March 29, 2023, Kuya Silver Corporation ("Kuya Silver") has completed its acquisition of a package of properties totaling approximately 1746 hectares in Silver Centre area (part of the greater Cobalt, Ontario mining district) from the Company (the "Acquisition").
Pursuant to the Acquisition, in consideration for the transfer of the properties, Kuya Silver has issued 1,666,667 common shares of Kuya Silver to the Company. All such shares are subject to a statutory resale restriction of four-months and one day from the date of issuance. In addition, the Company and Kuya Silver have agreed that 25% of the shares are subject to a six-month minimum hold period and 25% of the shares are subject to a nine-month minimum hold period. The Company has retained a 2% royalty on net smelter returns payable from any future commercial production from these properties.
The Agreement remains subject to approval by and fulfillment of the CSE and TSX Venture Exchange requirements.
About Canadian Silver Hunter, Inc.
Canadian Silver Hunter Inc. is a Canadian mineral exploration company focused on the acquisition, exploration and development of gold, silver, and battery technology metals in Canada.
For more information, please contact:
Jeffrey Hunter, President & Chief Executive Officer
Telephone: (416) 707-4230
jhunter@cshi.ca www.canadiansilverhunter.ca
Reader Advisory
This news release contains statements that constitute "forward-looking information," including statements regarding the plans, intentions, beliefs, and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words "may," "would," "could," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect," "must," "next," "propose," "new," "potential," "prospective," "target," "future," "verge," "favourable," "implications," and "ongoing," and similar expressions, as they relate to the Company or its management, are intended to identify such forward-looking information. Without limiting the generality of the foregoing statements, any discussion of the potential of exploration targets is forward-looking information.
Investors are cautioned that statements including forward-looking information are not guarantees of future business activities and involve risks and uncertainties, and that the Company's future business activities may differ materially from those described in the forward-looking information as a result of various factors, including but not limited to fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing, and general economic, market, and business conditions. There can be no assurances that such forward-looking information will prove accurate, and therefore, readers are advised to rely on their own evaluation of the risks and uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
Neither the TSX Venture exchange nor its Regulation Securities Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/163153
