Castle Peak Announces Net Smelter Returns Agreement in Connection with the Closing of the Purchase of a Prospecting License
Castle Peak Announces Net Smelter Returns
Agreement in Connection with the Closing of
the Purchase of a Prospecting License
Vancouver, British Columbia--(Newsfile Corp. - October 27, 2021) -
Castle Peak Mining Ltd.
(TSXV:
CAP) ("Castle Peak" or the "Company") is pleased to report that, through its wholly owned Ghanian
subsidiary Castle Sika Mining Ltd. ("Castle Sika"), it has entered into a 1.5% Net Smelter Returns
Agreement ("NSR") with Wononuo Investment Limited ("Wononuo") on minerals mined, removed and
sold by Castle Sika. The NSR is granted to Wononuo as a part of Castle Peak's purchase of the
prospecting license for a mineral deposit located in Ghana. Title to the prospecting license will be held
by Castle Sika. The purchase of the prospecting license from Wononuo was originally disclosed by news
release on February 20, 2019 and the creation of Castle Sika was originally disclosed by news release
on September 23, 2021. The purchase of the prospecting license is expected to close on October 31,
2021.
Completion of the abovementioned transaction is subject to approval by the TSX Venture Exchange.
For further information, please contact:
"Iyad Jarbou"
Chief Financial Officer
Tel: 604.362.7685
Email:
Website:
https://castlepeakmining.com/
FORWARD-LOOKING AND OTHER CAUTIONARY INFORMATION
Except for statements of historical fact, this news release contains certain 'forward-looking information'
and 'forward-looking statements' within the meaning of applicable securities laws. This release may
contain statements that are forward-looking statements and are subject to various risks and
uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and
elsewhere in the Company's periodic filings with Canadian securities regulators. Such information
contained herein represents management's best judgment as of the date hereof based on information
currently available. As a result, readers are cautioned not to place undue reliance on these forward-
looking statements. The forward-looking statements contained in this news release are made as of the
date of this release. The Company does not assume the obligation to update any forward-looking
statement, except as required by law. For more information on the Company, investors should review
the Company's filings that are available at
www.sedar.com
.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) nor the Investment Industry Regulatory Organization of
Canada accepts responsibility for the adequacy or accuracy of this release.
The securities being offered have not been, nor will they be, registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the United States, or to, or for
the account or benefit of, U.S. persons absent registration or an applicable exemption from
registration requirements. This press release shall not constitute an offer to sell or the solicitation of
an offer to buy nor shall there be any sale of the securities in any jurisdictions in which such offer,
solicitation or sale would be unlawful. Any offering made will be pursuant to available prospectus and
registration exemptions and restricted persons to whom the securities may be sold in accordance with
the laws of such jurisdictions and by persons permitted to sell the securities in accordance with the
laws of such jurisdictions.
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR
DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/101083