- Metallica Metals Corp. (MM) has acquired a mineral property consisting of 54 claims in Quebec
- The vendors will receive a total of 48,000,000 common shares of Metallica Metals
- Metallica Metals is a Canadian junior mining company focused on exploring gold‐silver and platinum group metal properties in Canada
- Metallica Metals Corp. (MM) opened trading at C$0.03
Metallica Metals Corp. (MM) has acquired a mineral property in Quebec.
The property consists of 54 claims representing approximately 3,024 hectares along the Waswanipi-Saguenay Zone in Quebec.
The vendors will receive a total of 48,000,000 common shares of Metallica Metals.
Under the purchase agreement, 2309116 Ontario Inc., a company beneficially owned and controlled by Mr. John Jentz and Mr. Martin Milette, received 24,000,000 common shares.
Upon completion of the transaction, Messrs. Jentz and Milette will each own approximately 19.47 per cent of Metallica’s issued and outstanding common shares.
About Metallica Metals Corp.
Metallica Metals is a Canadian junior mining company focused on acquiring and exploring gold‐silver and platinum group metal (PGM) properties across Canada. The company is currently exploring and developing its Starr gold‐silver project and Sammy Ridgeline and Richview Pine PGM projects, all located adjacent to advanced mining projects in the Thunder Bay Mining District of Ontario.
Metallica Metals Corp. (MM) opened trading at C$0.03.