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Hansco Capital Corp. Provides Update Respecting Proposed Qualifying Transaction

Hansco Capital Corp. Provides Update Respecting Proposed Qualifying Transaction
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Hansco Capital Corp. Announces Proposed Qualifying Transaction

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. ....

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Press Release - MINING.COM

Press Release - MINING.COM
mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.

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