2023-06-21 09:02:57 ET
- Planet Ventures ( OTCPK:PNXPF ) has entered into a claim sale agreement among the Co., Wildwood Exploration, Shawn Ryan, and Isaac Fage pursuant to which the Co. has agreed to purchase 46,909-hecatres consisting of 1,013 mineral claims located in the Province of Quebec.
- The Potier Claims will be held by the Co.’s wholly owned subsidiary, Planet Ventures Exploration.
- As consideration for the Potier Claims, the Co. has agreed to pay Wildwood $0.35M in cash, and issue Ryan and Fage an aggregate of 5M common shares in the capital of the Co.
- The Co. is also pleased to announce that it has appointed Alexander Klenman as its new CEO.
- The appointment of Mr. Klenman as CEO strengthens the Co.’s management team by adding significant and relevant experience as it begins the exploration and development stage of the new projects.
For further details see:
Planet Ventures to acquire Quebec Mineral claims and appoints CEO