Sorrento Resources Ltd. (CNSX:SRS) entered into mineral property purchase agreement to acquire Northcott Licenses for CAD 0.06 million from Corwin Northcott on June 11, 2024. A cash consideration of CAD 0.02 million will be paid by Sorrento Resources Ltd. The consideration consists of 0.2 million common equity of Sorrento Resources Ltd. to be issued for assets of Northcott Licenses. As part of consideration, CAD 0.02 million is paid towards assets of Northcott Licenses.

The expected completion of the transaction is June 19, 2024.