- Comstock Metals (CSL) has signed an agreement to sell a 100 per cent interest of its Preview SW Gold Project to MAS Gold (MAS)
- The Preview SW Gold Project is located in La Ronge, Saskatchewan
- 30 million common shares in MAS Gold will be issued to Comstock in consideration of the agreement
- Comstock will provide $200,000 to help advance the Preview SW Property prior to the closing date of the transaction
- Comstock Metals Ltd. (CSL) is up 5 per cent trading at $0.105 per share as of 2:53 p.m. EST
- MAS Gold Corp. (MAS) is unchanged trading at $0.10 as of 2:54 p.m. EST
Comstock Metals (CSL) has signed an agreement to sell a 100 per cent interest of its Preview SW Gold Project to MAS Gold (MAS).
The Preview SW Gold Project is located in La Ronge, Saskatchewan.
This transaction follows the LOI announced in December.
A total of 30 million common shares of MAS Gold will be issued to Comstock.
Comstock will provide $200,000 additional funding to help advance its Preview SW Property before the closing date.
The transaction is expected to close after both companies hold their annual general meetings at the beginning of March.
Comstock has announced a winter 2022 exploration program including 8000 metres of core drilling with a focus on the Preview SW Project, North Lake Gold Deposit and Point Gold Deposit targets.
Comstock Metals Ltd. (CSL) is up 5 per cent trading at $0.105 per share as of 2:53 p.m. EST.
MAS Gold Corp. (MAS) is unchanged trading at $0.10 as of 2:54 p.m. EST.