Termination of Option ON Revel Ridge Project
TERMINATION OF OPTION ON REVEL RIDGE
PROJECT
VANCOUVER, BC
,
April 9, 2024
/CNW/ - Rokmaster Resources Corp. (TSXV: RKR) (OTCQB:
RKMSF) (FSE: 1RR1) ("Rokmaster" or the "Company") announces that further to its news release
dated March 8, 2024, the Company has not made the option payment in the amount of
C$19,400,000
(the "Current Option Payment") by the deadline of 4:30 pm (
Vancouver
time) on
April
8, 2024
stated in a notice of default (the "Notice of Default") received by the Company from Huakan
International Mining Inc. ("Huakan").
The Notice of Default was issued by Huakan with respect to the Company not making the Current
Option Payment due on
February 25, 2024
pursuant to the terms of an option agreement dated
December 23, 2019
between the Company, Huakan and Huakan's shareholders, as amended on
January 30, 2023
(the "Option Agreement"), granting to the Company an option to acquire a 100%
interest in the Revel Ridge Project located approximately 45 km from
Revelstoke, British Columbia
.
The Company has terminated the Option Agreement, effective immediately. As such, the Company
is evaluating its prospects and details regarding those plans will be released shortly.
On Behalf of the Board of Directors of
Rokmaster Resources Corp.
John Mirko
President & Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term in defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
press release.
SOURCE
Rokmaster Resources Corp.
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For further information:
please contact Mr. John Mirko, CEO of Rokmaster,
[email protected], Ph. 1-604-290-4647 or visit the Company's website at:
www.rokmaster.com; For Shareholder information please contact: Mike Kordysz,
[email protected], Ph. +1 (604) 319-3171
CO: Rokmaster Resources Corp.
CNW 06:00e 09-APR-24