PR Newswire
VANCOUVER, BC, Aug. 12, 2024 /CNW/ - Nevada Sunrise Metals Corp. (TSXV: NEV) (OTCBB: NVSGF) ("Nevada Sunrise" or the "Company") has closed its transaction with CopAur Minerals Inc. ("CopAur") previously announced July 8, 2024. CopAur has acquired Nevada Sunrise's 18.74% ownership interest in the Kinsley Mountain Gold Project joint venture in Nevada ("Kinsley Mountain").
CopAur acquired Nevada Sunrise's minority ownership interest in Kinsley Gold LLC, the joint venture vehicle that holds rights to Kinsley Mountain, pursuant to a purchase and sale agreement dated August 8, 2024, in consideration of the payment of CAD$475,000 in cash and the issuance to Nevada Sunrise of 1,000,000 common shares of CopAur (the "Consideration Shares"). The Consideration Shares are subject to a four-month statutory hold period (the "Hold Period") and voluntary hold periods for an additional nine-month period. The first 250,000 Consideration Shares will be released on expiry of the Hold Period and the remaining shares will subsequently be released in equal tranches every three months.
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