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  • Nov 18, 2024

      Show headlines and story abstract
    • 7:03AM ET on Monday Nov 18, 2024 by Dow Jones
      Companies Mentioned: USGD

      Vancouver, British Columbia--(Newsfile Corp. - November 18, 2024) - American Pacific Mining Corp. (CSE: USGD) (FSE: 1QC) (OTCQX: USGDF) ("American Pacific" or the "Company") announced today that it has entered into an agreement (the "Purchase Agreement") with Constantine North Inc. ("CNI") and Dowa Metals & Mining Alaska Ltd. ("Dowa") to acquire Dowa's interest in Constantine Mining LLC (the "Dowa Interest"), the holder of the Palmer VMS Project ("Palmer" or the "Project"). Pursuant to the terms of the Purchase Agreement executed November 15(th) , 2024, CNI, a wholly-owned subsidiary of American Pacific, will acquire the Dowa Interest from Dowa and Dowa will pay US$10,000,000 to American Pacific in exchange for providing Dowa with an option to acquire up to 50% of the zinc concentrate produced at the Project for the initial year of production and each subsequent year of production at the Project and the provision of certain indemnities in the Purchase Agreement. The completion of the transactions contemplated by the Purchase Agreement are subject to customary conditions precedent in favour of American Pacific, CNI and Dowa. Following the acquisition of the Dowa Interest, American Pacific will have consolidated a 100%-interest in the Project.
    • 7:02AM ET on Monday Nov 18, 2024 by Newsfile
      Companies Mentioned: USGDF

      Vancouver, British Columbia--(Newsfile Corp. - November 18, 2024) - American Pacific Mining Corp. (CSE: USGD) (FSE: 1QC) (OTCQX: USGDF) ("American Pacific" or the "Company") announced today that it has entered into an agreement (the "Purchase Agreement") with Constantine North Inc. ("CNI") and Dowa Metals & Mining Alaska Ltd. ("Dowa") to acquire Dowa's interest in Constantine Mining LLC (the "Dowa Interest"), the holder of the Palmer VMS Project ("Palmer" or the "Project"). Pursuant to the terms of the Purchase Agreement executed November 15th, 2024, CNI, a wholly-owned subsidiary of American Pacific, will acquire the Dowa Interest from Dowa and Dowa will pay US$10,000,000 to American Pacific in exchange for providing Dowa with an option to acquire up to 50% of the zinc concentrate produced at the Project for the initial year of production and each subsequent year of production at the Project and the provision of certain indemnities in the Purchase Agreement. The completion of the transactions contemplated by the Purchase Agreement are subject to customary conditions precedent in favour of American Pacific, CNI and Dowa. Following the acquisition of the Dowa Interest, American Pacific will have consolidated a 100%-interest in the Project.

  • Nov 6, 2024

  • Oct 31, 2024

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