Sassy Resources Corporation: Sassy Completes Nicobat Option Agreement
Sassy Resources Corporation ( Sassy or the Company )
(CSE:SASY)(OTCQB:SSYRF)(FSE:4E7)
is pleased to announce that it has completed the definitive agreement (the Agreement ) to option its Nicobat Property in Northwest Ontario to privately held MAX Power Mining Corporation (MAX Power). The deal makes Sassy the largest shareholder in this new battery metals-focused company which has completed an initial financing and has prepared listing submissions for a Canadian exchange.
Under the Agreement, MAX Power can earn a 100% interest in Nicobat by incurring $1 million in exploration expenditures on the property over a 4-year period while also issuing five (5) million shares in the company to Sassy upon obtaining a listing on a Canadian exchange with the Nicobat as a qualifying property. Those shares will be released to Sassy in stages over a three-year period while Sassy will also be granted one million warrants,
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