Brief: P2 Gold Announces Revised Acquisition Terms For Gabbs Project, Nevada, And Financing Update
05/05/2021 10:07
May 5 (Reuters) - P2 Gold Inc PGLD.V :
* P2 GOLD ANNOUNCES REVISED ACQUISITION TERMS FOR GABBS
PROJECT,
NEVADA, AND FINANCING UPDATE
* P2 GOLD WILL NOW PAY US$1 MILLION AND ISSUE 15 MILLION
SHARES IN
ITS CAPITAL TO WATERTON AT CLOSING
* P2 GOLD-CO TO NOW PAY ADDITIONAL $4 MILLION ON 12-MONTH
ANNIVERSARY OF CLOSING RATHER THAN $5 MILLION AND ISSUE 15
MILLION SHARES TO WATERTON AT CLOSING
* AGREED TO ENTER INTO CLOSING INVESTOR RIGHTS AGREEMENT
WITH
WATERTON PROVIDING WATERTON WITH REGISTRATION RIGHTS IN CERTAIN
CIRCUMSTANCES
* OTHER TERMS OF ACQUISITION AGREEMENT REMAIN UNCHANGED
Source text for Eikon: ID:nGNX8jw38N
Further company coverage: PGLD.V
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