Brief: Omineca Executes Binding Letter Agreement To Commence Bulk Sample Operations At Wingdam Project

Omineca Mining and Metals

01/03/2019 19:49

March 1 (Reuters) - Omineca Mining and Metals Ltd  OMM.V :
    * OMINECA EXECUTES BINDING LETTER AGREEMENT TO COMMENCE BULK
SAMPLE OPERATIONS AT THE WINGDAM PROJECT
    * OMINECA - HAS EXECUTED BINDING LETTER AGREEMENT WITH
PRIVATE
COMPANY BASED IN SASKATCHEWAN ("PRIVCO") TO COMMENCE BULK SAMPLE
PROGRAM
    * OMINECA MINING AND METALS LTD - OMM & PRIVCO TO ENTER INTO
A
DEFINITIVE JOINT VENTURE AGREEMENT IN DUE COURSE
    * OMINECA MINING AND METALS - UNDER TERMS PRIVCO WILL INCUR
100%
OF COSTS ASSOCIATED WITH PREPARATION WORK REQUIRED TO COMMENCE
OPERATIONS
    * OMINECA MINING AND METALS LTD - IN EXCHANGE FOR COMPLETING
PREPARATORY WORK, PRIVCO WILL EARN 50% INTEREST IN WINGDAM
PROJECT
    * OMINECA MINING AND METALS LTD - ANTICIPATES THAT
PREPARATORY
WORK AT WINGDAM WILL COMMENCE IN Q2 OF 2019

Source text for Eikon:  urn:newsml:reuters.com:*:nCNWw2txVa
Further company coverage:  OMM.V 

 ((Reuters.Briefs@thomsonreuters.com;))