Hornby Bay Mineral Exploration Ltd.: Hornby Bay Announces Receipt of Conditional Approval of Transactions and Conversion of Subscription Receipts
Hornby Bay" or the "
TSXV") with respect to its previously announced transaction (the "
Transaction") in accordance with Policy 5.2 of the TSXV.
The Transaction
Pursuant to the terms of the definitive option agreement dated November 30, 2020, as amended March 23, 2021 and April 21, 2021, (collectively, the "
Definitive Agreement"), entered into between the Company, Frank Guillemette (the "
Principal Shareholder"), Jonathan Girard and Jean-Francois Girard (together with the Principal Shareholder, the "
Vendors"), the Company will purchase from the Vendors all of the issued and outstanding common shares in the capital of 9396-1217 Quebec Inc., whose sole asset is 100% of the common shares in the capital of 9220-5392 Quebec Inc. o/a Mines Royales Quebec ("