Inform Resources Acquires Rights to Gold-Silver Project in Chile
INFORM RESOURCES CORP.
2288 - 1177 West Hastings Street
Vancouver, BC V6E 2K3
Phone: +1 (604) 630-9574
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
Inform Resources Acquires Rights to Gold-Silver Project in Chile
Vancouver, British Columbia, April 1, 2020 – Inform Resources Corp. (TSX.V: IRR) (“Inform” or the
“Company”) has acquired an option to earn up to a 90% interest in two prospective gold-silver properties
(the “ Properties”) located in the El Indio Gold Belt of central Chile (the “ Option”). The rights were
acquired by Inform Resources Corp. (the “ Optionee”) pursuant to a n option agreement (the “ Option
Agreement”), dated March 25, 20 20, with Lithium Chile Inc., an Alberta corporation, and Compania
Minera Kairos Chile Limitada, a Chilean corporation.
In order to earn a 65% interest in the Properties (the “ 65% Option ”), the Optionee must make cash
payments totalling $600,000 as follows: $50,000 payable upon signing of the Agreement; $50,000 within
7 business days of TSX Venture Exchange (the “ Exchange”) approval of the Agreement; and $100,000,
$150,000 and $250,000 on or before the first, second and third respective years following Exchange
approval. The Company must also incur $3,000,000 of expenditures on the Properties as follows: $500,000,
$1,000,000 and $1,500,000, during the first, second and third respective years following Exchange approval
of the Agreement.
In order to earn an additional 25% interest in the Properties for total interest of 90% (the “90% Option”),
the Optionee must make cash payments totalling $750,000 as follows: $250,000 and $500,000 on or before
90 days after the fourth and fifth respective years following Exchange approval. The Company must also
incur an aggregate of $5,000,000 of expenditures on the Properties within five years following Exchange
approval.
Private Placement Financing
In connection with entering into the Option Agreement, the Company is conducting a non-brokered private
placement of up to 12,500,000 units at a price of $0.05 per unit for total gross proceeds of up to $625,000.
Each unit will consist of one common share (a “Share”) and one warrant of the Company. Each warrant
will have an exercise price of $0.25 and a term of two years from the issue date. The Shares issued under
the financing will be subject to a 6-month voluntary hold period. All other securities issued will be subject
to a four month statutory hold period.
About the Gold-Silver Exploration Properties
The Apolo and Sancarrón claims are ‘grass roots’ exploration properties. The Apolo Property consists of 1
exploration and 12 exploitation concessions totaling 2,730 hectares. The Sancarrón property consists of 4
exploration and 6 exploitation concessions totaling 2,700 hectares. Both properties cover multiple large zones
of gold and silver bearing hydrothermal alteration. Located 130 kilometers northeast of La Serena in the core
of the El Indio Gold Belt noted for its multi-million-ounce gold deposits such as El Indio, 20 kilometres to the
south and Pasqua-Lama, 35 kilometres to the north.
The Option Agreement and the Private Placement are subject to Exchange approval.
About Inform Resources Corp. (TSX.V: IRR)
Inform Resources (TSX.V: IRR) is engaged in the investigation, acquisition, exploration and development
of economically viable mineral resource deposits. The company has acquired interests in two properties
totaling 5,430 hectares (13,418 acres) located in the core of the El Indio Gold Belt of Chile. was founded
on September 22, 1999 and is headquartered in Vancouver, Canada.
ON BEHALF OF INFORM RESOURCES CORP.
Andrew Cheshire,
President & Chief Executive Officer
For further information:
Andrew Cheshire
+1 (604) 630-9574
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities
in the United States of America. The securities have not been and will not be registered under the United
States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold
within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933
Act and applicable state securities laws, or an exemption from such registration is available.
Forward Looking Information
Information set forth in this document may include forward -looking statements. While these statements
reflect management's current plans, projections and intents, by their nature, forward -looking statements
are subject to numerous risks and uncertainties, some of which are beyond the control of the Company.
Readers are cautioned that the assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on these forward -looking statements. There is no assurance the transactions noted
above will be completed on the terms as contemplated, or at all. The Company’s actual results, programs,
activities and financial position could differ materially from those expressed in or implied by these forward-
looking statements.