RENO, NV / ACCESSWIRE / May 04, 2021 / Pershing Resources Company, Inc., ("Pershing" or the "Company") (OTC PINK:PSGR) today announced that it has terminated the Earn-In Joint Venture agreement on the
Pershing Resources Terminates Tonopah SIN Earn-In Joint Venture Agreement
ACCESSWIRE
05 May 2021, 00:05 GMT+10
RENO, NV / ACCESSWIRE / May 04, 2021 / Pershing Resources Company, Inc., ( Pershing or the Company ) (OTC PINK:PSGR) today announced that it has terminated the Earn-In Joint Venture agreement on the Tonopah SIN Property, effective April 9
th, 2021. The agreement was terminated with Donald J McDowell and William F. Matlack, who are now the current holders of the 20 unpatented claims that comprised the Tonopah SIN property, located south of Tonopah, Nevada. Under the terms of the termination agreement, Mr. McDowell and Mr. Matlack will retain the initial consideration payment for the earn-in rights of 3,770,000 shares of restricted s common stock of the Company. Following the termination of the agreement, the Company will not have any cash costs associated with or area of interest obligations regarding the 20 unpatented claims.