Acquisition Terms Sample Clauses

Acquisition Terms. The Shares shall be One Hundred Shares (100) shares of the issued and outstanding common stock of Subsidiary which shall be signed over in blank to Inland together with any legalities required for legal transfer.

Acquisition Terms. 1 1.02 Act.................................................................1 1.03.

Acquisition Terms. The Binding Term Sheet with STB Minerals LLC outlines the terms of an 8-year option to purchase the 51% mineral interest. Key terms of the term sheet are outlined below.

Acquisition Terms. The interest in the Pinjin Gold Project to be acquired from Newmont comprises of: ▪ 80% interest in the Kirgella Joint Venture (71km2) ▪ 90% interest in the ▇▇▇▇ ▇▇▇▇▇▇▇ Joint Venture (34km2) ▪ 100% interest in some surrounding tenements (172km2) Renaissance Minerals will make an upfront cash payment of $200,000 and issue approximately 1,500,000 fully paid ordinary shares to Newmont. The shares will be subject to a 12 month escrow period. In addition, Renaissance Minerals will be required to make a cash payment of $1 million to Newmont upon establishment of a JORC resource of at least 0.5 million ounces of gold and a further cash payment of $1 million upon establishment of a JORC resource of at least 1.0 million ounces of gold. The Board of Renaissance is extremely pleased to have reached agreement to acquire this highly prospective ground and looks forward to shortly announcing the commencement of drilling to follow up Newmont’s initial success. The Board also welcomes Newmont as a shareholder of Renaissance. The project has substantial discovery potential and compliments Renaissance’s existing extensive Eastern Goldfields tenement package. Detailed information on all of Renaissance Minerals projects can be found on the Company’s website at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.▇▇. Yours faithfully

Acquisition Terms. 1. At closing, GRE will issue to all of the shareholders on a pro rata basis, a total number of seven million five hundred thousand common shares (the Share ) of GRE (7,500,000), the First Share Consideration, agreed to represent a value of One Million Five Hundred Thousand Canadian Dollars ($ Cdn 1,500,000). The Shares will be issued to Shareholders on a one for one basis, and Pilbara shall adjust the issued and outstanding shares it has out to accommodate this transaction. 2. At closing, all shares of Pilbara held by shareholders will be assigned to GRE. 3. At the completion of a drilling program of not less than 4,000 meters on the Property Package, GRE will pay to Shareholders, two million five hundred thousand common shares (2,500,000), the Second Share Consideration, deemed to represent value of Five Hundred Thousand Canadian Dollars ($ Cdn 500,000). 4. On GRE announcing greater than 500,000 ounces of gold collectively within the Property Package, as defined in a resource calculated compliant to NI 43-101, GRE will issue to Shareholders, two million five hundred thousand common shares (2,500,000), Third Share Consideration, deemed to represent value of Five Hundred Thousand Canadian Dollars ($ Cdn 500,000). 5. On GRE announcing greater than 1,000,000 ounces of gold collectively within the Property Package , as defined in a resource calculated compliant to NI 43-101, GRE will issue to Shareholders, two million five hundred thousand common shares (2,500,000), Fourth Share Consideration, deemed to represent value of Five Hundred Thousand Canadian Dollars ($ Cdn 500,000). 6. A 2% Net Smelter Royalty to be held pro rata by the current Shareholders of Pilbara on all the Property Package. One percentage point of the royalty will be made available for purchase by GRE or a party of GRE for One Million Five Hundred Thousand Canadian Dollars ($ Cdn 1,500,000) per the one percentage point. The details of this shall be set out in a separate Net Smelter Royalty Purchase Agreement to be negotiated between all Shareholders individually and GRE. 7. All shares issued at closing in 1, above shall be subject from the date of issuance to a trading hold of four month as imposed by the British Columbia Securities Commission. 8. Upon completion of four months from closing, 30% all GRE shares issued to Shareholders shall be deemed released and free trading. 9. Upon completion of eight months from closing, a further 35% of all GRE shares issued to Shareholders shall be deemed...

Acquisition Terms. Pursuant to an agreement with (a) Santa Fe Pacific Railway Company, which owns the mineral rights; and (b) a subsidiary of Newmont Corporation, which holds a lease over the mineral rights, New World has agreed to purchase a 100% interest in the mineral rights that cover a total of approximately 1,000 acres (Private Blocks A and B; see above and Figure 1). Consideration payable is:

Acquisition Terms. The Company, Westoz Lithium and the current shareholders of Westoz Lithium, ▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇▇ (Vendors) have executed the Acquisition Agreement to acquire 100% of the issued capital of Westoz Lithium from the Vendors. The Vendors are unrelated third parties of the Company. In aggregate, the Vendors will receive A$740,000 for the Acquisition. On completion of the Acquisition Agreement (Completion), and subject to the Company receiving shareholder approval at its upcoming annual general meeting on 31 May 2022, the Vendors will be issued a total of 24,000,000 Shares, with an issue price of $0.025 per Share and aggregate value of A$600,000. Furthermore, within 5 Business Days of Completion, in order to clear outstanding shareholder loans owed by Westoz Lithium to the Vendors (Shareholder Loans), the Company will pay the sum of A$90,000 to ▇▇▇▇ ▇▇▇▇▇ and A$50,000 to ▇▇▇▇▇ ▇▇▇▇▇▇▇. Westoz Lithium and the Company will be released from any liability or claims in relation to the Shareholder Loans once the abovementioned payments are made to ▇▇▇▇ ▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇▇▇ by the Company. Completion of the Acquisition Agreement is subject to the following conditions (Conditions): • (Due Diligence): The Company notifying the Vendors that the Company has satisfactorily competed due diligence on Westoz Lithium and the Acquisition Projects, including technical, financial and legal due diligence; and • (Approvals): the Company obtaining any shareholder, regulatory and stock exchange approvals required under the ASX Listing Rules and the Corporations Act (as applicable), in relation to the Acquisition, including in relation to any debt or equity fundraising activities. The other terms of the Acquisition Agreement, including in relation to pre-Completion activities, warranties, indemnities, confidentiality and termination are considered customary for an agreement of this nature. Although the Acquisition Agreement has been executed, there is no guarantee that the Conditions will be satisfied. If the Conditions are satisfied, it is expected that Completion will occur in the second quarter 2022.

Acquisition Terms. Under the SPA Midas has agreed to: (a) make separate offers (“Offers”) to Hammer shareholders and Hammer optionholders to acquire 100% of the issued capital of Hammer; and (b) acquire 100% of MDM from ▇▇▇▇▇▇▇. The Offers and the Acquisitions are conditional on: (a) Midas obtaining all necessary regulatory and shareholder approvals required to complete the Acquisition, including amongst other standard approvals for an acquisition of this nature, approval to: i. change the nature and scale of Midas’ activities in accordance with Listing Rule 11.1.2;

Acquisition Terms. Lycaon has executed a binding Sale and Purchase Agreement to acquire 100% of East ▇▇▇▇▇▇▇▇▇ Resources Pty Ltd, the holder of E80/4955, in consideration for: • the issue 1,250,000 fully paid ordinary shares in the capital of Lycaon (Shares) at a deemed issue price of $0.40 per Share (Consideration Shares), with 50% of the Consideration Shares (625,000 shares) freely tradeable from their date of issue and 50% of the Consideration Shares (625,000 Shares) subject to voluntary escrow until 17 November 2023; • up to $100,000 by way of reimbursement for past expenditure; and