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Hansco Capital Corp.
(TSXV: HCO.P) ( Hansco or the Company ) is pleased to announce that it has entered into a non-binding letter of intent (the LOI ) dated May 3, 2021 with Aurex Energy Corp. ( Aurex , an Alberta corporation) respecting a proposed transaction (the Transaction ) pursuant to which Hansco will acquire 100% of the issued and outstanding common shares of Desert Strike Resources (US) Inc. ( DSRI , a Nevada corporation). DSRI holds a 70% right, title and interest in and to the Cook Property (the Property ) located in Humboldt County, Nevada, subject to a 2.5% net smelter royalty interest (the NSR ). Under the LOI, Hansco and Aurex have agreed to act in good faith to draft, negotiate and execute a definitive share purchase agreement (the Definitive Agreement ) respecting the Transaction, which will supersede the LOI.
NevadaUnited-statesCanadaUnited-kingdomVancouverBritish-columbiaBritishCanadianGary-billingsley-aurexParis-morfopoulosGary-billingsleyAurex-energy-corpSkyharbour Resources Ltd: Skyharbour s Partner Company Valor Initiates Phase I Work at Hook Lake Uranium Project; Skyharbour to Participate in Red Cloud s 2021 Pre-PDAC Mining Showcase and Exhibiting at PDAC 2021 Convention
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) (the Company ) announced that partner company Valor Resources Limited ( Valor ) has entered into an Agreement with TerraLogic Exploration Inc. ( TerraLogic ) to provide mineral exploration services on its Hook Lake (previously called North Falcon Point) uranium project located in the eastern Athabasca Basin area of Saskatchewan. The first phase of exploration work will be an airborne geophysical survey over the Hook Lake Project. TerraLogic is currently finalizing the flight grid and technical parameters for the survey and soliciting quotes from airborne contractors with contracts anticipated to be finalized in March.
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