(via TheNewswire)
The amended terms are as follows:
Labyrinth shall pay to the Company an amount of
CAD$500,000 on or beforeDecember 21, 2022 , and shall pay the balance of thefinal acquisition tranche payment, beingCAD$1,000,000 on or beforeMarch 31, 2023 , with such balance bearing interest at a simple rate of 7% per annum, accruing fromNovember 30, 2022 to the earlier ofMarch 31, 2023 or the date where the balance is fully paid;
Labyrinth shall deliver to the Company a cash payment equivalent to 450oz of gold on or before
March 31, 2023 , with such payment bearing interest at a simple rate of 7% per annum, accruing fromNovember 30, 2022 to the earlier ofMarch 31, 2023 or the date where the balance is fully paid.
Labyrinth may pay the aforementioned payments in full or in part at any time and at its sole discretion, on or before
March 31, 2023 .
Results of Annual General Meeting of the Shareholders
The Company is also pleased toannounce the results of its 2022 Annual General Meeting (“AGM”) of shareholders held virtually on
Shareholders approved all the resolutions detailed in the management information circular of the Company dated
Electing all the nominees to the Board of Directors of the Company.
Appointing KPMG LLP as auditor of the Company for the ensuing year and authorizing the directors to determine the auditor’s compensation.Approving the Company’s Omnibus Incentive Plan.
About
The company’s growth strategy is based on:
• The development of its gold deposit with the objective of producing revenue from its operations;
• Increasing the value of its mining asset by prioritizing its exploration targets; and
• The commercialization and deployment of its thermal fragmentation technology.
Follow the link to view G.E.T.T Gold’s new websitewww.gettgold.com
For additional information:
Neither
Cautionary Note Regarding Forward-Looking Information
This news release may contain forward-looking statements including but not limited to comments regarding performance of obligations by Labyrinth in connection with the project acquisition agreement, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.
Tel: (450) 510-4442 www.gettgold.com
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Copyright (c) 2022 TheNewswire - All rights reserved., source