Altair Resources Inc. (TSXV:AVX) signed a Prelimanry agreement to acquire Two Gold Producing Properties in Eastern and Central Kazakhstan on July 1, 2021. Altair Resources Inc signed a binding agreement to acquire Two Gold Producing Properties in Eastern and Central Kazakhstan for approximately $110 million on July 12, 2021. Under the terms of the Agreement, the total consideration consists of: (i) $75 million on the execution of the proposed transaction, at which time 70% of the ownership shares shall be transferred to Altair Resources Inc., (ii) $15.5 million one year from the execution of the proposed transaction, at which time a further 15% of the ownership shares shall be transferred to Altair Resources Inc., and (iii) $15.5 million two years from the execution of the proposed transaction, at which time the remaining ownership shares shall be transferred to Altair Resources Inc. Additionally, a part and parcel financing will be completed in order to fund initial acquisition costs of the properties. Altair will issue 20 million units at CAD 0.11 ($0.0882761) per unit with one warrant per unit at an exercise price CAD 0.18 for a term of one year. As of July 13, 2021, the part and parcel financing to fund initial acquisition costs of the properties has been increased from 20 million units to 25 million units. Altair will issue 25 million units, at CAD 0.11 ($0.0882761) per unit, with each unit comprising a share and a warrant. Altair Resources is also in negotiations with a Private Equity firm for debt financing and has commissioned a NI 43-101 PEA on the “A”, “B” and “C” deposits that is expected to be completed during Q3 2021. As announced July 12, 2021, this is a part and parcel financing, the proceeds from which will be used to fund initial acquisition costs of two gold properties in Kazakhstan and for general working capital. The transaction is subject to due diligence and is expected to close on October 1, 2021. As of September 23, 2021, Altair has completed its initial due diligence of the gold properties in Kazakhstan, including site visits, and has further engaged SRK Consulting (Kazakhstan) Limited (“SRK”) to update and convert its previously prepared JORC reports for the Vasilyevskoe asset, including the Tikhaya zone, as well as the Tokum and Yuzhnoe assets into a National Instrument 43-101 Technical Report, and address it to Altair. An NI 43-101 report covering the Zhaltyrbulak Property, below, in Central Kazakhstan, will be completed at a later stage.

Altair Resources Inc. (TSXV:AVX) cancelled the acquisition of Two Gold Producing Properties in Eastern and Central Kazakhstan on June 23, 2023.