Argentum” or the “
Agreement“) with Imbue Capital (“
Imbue“) pursuant to which the Company has agreed to sell its 80% right, title, and interest in the Vanadium Ridge Property (the “
Property“) north of Kamloops, British Colombia.
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Pursuant to the terms of the Agreement, Argentum has agreed to sell its interest in the Property, in exchange for total consideration of $600,000, consisting of $200,000 in cash and $400,000 in stock. More specifically, the payment schedule for the sale of the Property is as follows: