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EagleOne Metals Corp. Announces Letter of Intent to Acquire Surupampa Metals Corp.
Newsfile· 2025-12-09 02:00
Core Viewpoint - EagleOne Metals Corp. has entered into a non-binding letter of intent to acquire Surupampa Metals Corp., which holds an option agreement for a 100% interest in the Surupampa I mining concession in Peru [1][2]. Acquisition Details - The proposed transaction involves EagleOne acquiring all issued and outstanding common shares of Surupampa Metals Corp. through a share exchange [1][6]. - The transaction will involve the issuance of 18,750,000 common shares of EagleOne to the existing shareholders of Surupampa [6]. Property Overview - The Surupampa I mining concession is strategically located in a major mineral belt in northern Peru, known for gold-silver-copper base metal mineralization [2][3]. - The principal structures at the property include the Giuliana and Anita veins, which are quartz-dominant with minor carbonate [3]. Exploration Plans - Future exploration will focus on confirming the depth and strike extent of the Giuliana vein system, including detailed geological mapping and sampling [5]. - A drill program will be established to test mineralization at depth [5]. Financial Terms - The acquisition will involve several payments, including cash payments and share issuances, totaling approximately US$1,000,000 over specified timelines [8]. - Payments include an initial cash payment of US$100,000 and subsequent share issuances and cash payments scheduled through 2026 [8]. Conditions for Completion - The completion of the transaction is subject to negotiation of a definitive agreement, satisfactory due diligence, and necessary approvals from regulatory bodies [9]. Strategic Services Agreement - EagleOne has entered into a strategic services agreement with Fairfax Partners Inc. for investor relations and digital marketing services, with a monthly fee of CAD $5,000 and an annual marketing budget of up to CAD $500,000 [10][11]. Company Background - EagleOne Metals Corp. is a Canadian-based explorer focused on precious and base metals, holding options to acquire interests in various mining projects, including the Magusi West Gold Project in Quebec [12].
Mawson Finland Highlights Closing of First Nordic's $80M Financing, Announces Date of Special Shareholder Meeting for Arrangement Approval, Announces Loan
Globenewswire· 2025-10-17 21:03
Core Points - Mawson Finland Limited is highlighting the completion of First Nordic Metals Corp.'s $80 million financing through subscription receipts priced at $0.38 each [1][2] - First Nordic has entered into an agreement to acquire all common shares of Mawson, leading to the formation of NordCo Gold [2][3] - The transaction is expected to close in December 2025, pending shareholder and regulatory approvals [4] Financing Details - First Nordic's financing consists of both brokered and non-brokered offerings [1] - Each subscription receipt will convert into one common share of NordCo Gold, adjusted for a 4:1 consolidation [2] Management Statements - The CEO of Mawson expressed confidence that NordCo Gold will be well-capitalized to advance both First Nordic's Barsele project and Mawson's Rajapalot project [3] - Mawson's special meeting for shareholders to vote on the transaction is scheduled for December 4, 2025, with materials to be sent out in November [3] Loan Agreement - First Nordic will provide Mawson with a bridge loan of up to $1 million to cover transaction-related costs and general working capital [5] - The loan will accrue interest at 8% per annum, with repayment due by January 30, 2026, or upon termination of the arrangement agreement [6] Company Overview - Mawson Finland Limited focuses on the acquisition and exploration of precious and base metal properties in Finland, primarily gold and cobalt [7] - The company holds a 100% interest in the Rajapalot Gold-Cobalt Project, which is part of a larger property consisting of 13 exploration permits [7]