Quri-Mayu Resources Ltd Announces Acquisition of 1169783 B.C. Ltd., including its Keaper Silver, Copper, Molybdenum, Zinc property
Quri-Mayu Resources Ltd Announces Acquisition of 1169783 B.C. Ltd., including its
Keaper Silver, Copper, Molybdenum, Zinc property
Vancouver, B.C., March 4, 2019 – Quri-Mayu Resources Ltd. (formerly, Quri-Mayu Ventures Ltd.)
(“QMR” or the “Company”) is pleased to announce the acquisition of 1169783 B.C. Ltd. (“783BC”)
that includes its Keaper Silver, Copper, Molybdenum, Zinc property.
Terms of the acquisition
The terms of the acquisition include the Company issuing 5,065,020 common shares from its
authorized share capital through a share exchange on a 1:1 basis with 78 3BC shareholders for the
Company to acquire a 100% equity i nterest in 783BC (the “Acquisition”). As a result, 78 3BC will
become a wholly-owned subsidiary of the Company upon closing of the transaction. The deemed fair
value of the Acquisition is $506,502 or $0.10 per share.
Mineral Property – Keaper Project Silver, Copper, Molybdenum, Zinc
The Keaper property lies is accessed from Highway 16, 20 km east of Terrace, B.C. and south of
Kleanza Creek. Total area of Keaper property is 2158.12 hectares in three tenures.
The Keaper property is a highly pro spective polymetallic project with rock and soil geochemical
sample survey as high as 3.93 g/t Gold, 1,512 g/t Silver, 9.90 % Copper and 13.9% Zinc.
Work in the Keaper area, has included prospecting and rock and soil geochemical sampling.
The Keaper mineral tenure covers an “early stage” prospect and there are no mineral reserves or
mineral resources on any part of the tenure.
For further information please contact:
Kevin Beaulieu, Director
E-mail: [email protected]
Forward-Looking Information: This press release may include forward -looking information within the meaning of
Canadian securities legislation, concerning the business of QMR. Forward -looking infor mation is based on certain key
expectations and assumptions made by the management of QMR. Although QMR believes that the expectations and
assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on
the forward-looking information because QMR can give no assurance that they will prove to be correct. Forward -looking
statements contained in this press release are made as of the date of this press release. QMR disclaims any intent or obligation
to up date publicly any forward -looking information, whether as a result of new information, future events or results or
otherwise, other than as required by applicable securities laws.