Brief: Canasil Signs LOI To buy Canasil's Interest In Sandra-Escobar Project

Canasil Resources

24/10/2018 14:13

Oct 24 (Reuters) - Canasil Resources Inc  CLZ.V :
    * CANASIL SIGNS LETTER OF INTENT PROVIDING FOR PAN AMERICAN
TO
ACQUIRE CANASIL'S INTEREST IN THE SANDRA-ESCOBAR PROJECT FOR CDN
$2 MILLION AND 2% NSR
    * CANASIL RESOURCES INC - PARTIES ANTICIPATE COMPLETING
DEFINITIVE
AGREEMENT BY END OF NOVEMBER 2018
    * CANASIL RESOURCES - AGREEMENT TO SUPERSEDE ALL PRIOR
AGREEMENTS
& ARRANGEMENTS BETWEEN CANASIL AND PAN AMERICAN WITH RESPECT TO
SANDRA-ESCOBAR PROJECT
    * CANASIL RESOURCES - PAN AMERICAN WILL HAVE RIGHT TO REDUCE
NSR
ROYALTY TO 1% AT ANY TIME BY PAYING CO CDN $4 MILLION

Source text for Eikon:  ID:nCNWkhm4Va 
Further company coverage:  CLZ.V 

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