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VANCOUVER, BC / ACCESSWIRE / February 17, 2021 / BeMetals Corp.
(TSXV:BMET)(OTCQB:BMTLF)(Frankfurt:1OI.F) (the Company or BeMetals) is pleased to announce that it has signed an Amalgamation Agreement (the Agreement )
to acquire privately owned Kronk Resources Inc. ( Kronk ) and its wholly owned subsidiary Kazan Resources ( Kazan ), which holds the rights to a highly prospective portfolio of advanced and early stage gold exploration projects in Japan (the Transaction ).
See Figure 1 for project locations in Japan. In addition, BeMetals is pleased to announce a non-brokered private placement of $7.5 million (the Offering ) through the issuance of approximately 17.05 million shares of BeMetals at $0.44 per share to senior gold producer and new strategic investor, B2Gold Corp. (TSX: BTO, NYSE American: BTG, NSX: B2G) ( B2Gold ), subject to successful closing of the Transaction. B2Gold is an existing shareholder of Kronk, owning approximately 15.4 million shares of the com
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