Under the Agreement, Plutus must be listed on a recognized stock exchange by April 16, 2021 or Gitennes will receive an additional 10% in shares and if Plutus is not listed on a recognized stock exchange by the first anniversary of the Agreement Gitennes will receive Plutus shares at $0.10 per share equal to 22 million common shares.
The Company currently has four properties in Quebec: JMW, RAL, New Mosher and Maxwell, the Snowbird gold property in British Columbia and a 1.5% Net Smelter Return royalty on the 18 million ounce Urumalqui silver resource in Peru.
Actual results could differ from those projected in any forward-looking statements due to numerous factors including risks and uncertainties relating to exploration and development and actual results of exploration activities; the ability of the Company to obtain additional financing; delays in obtaining governmental and regulatory approvals , permits or financing; the need to comply with environmental and governmental regulations; potential defects in title to the Company’s properties; fluctuations in the prices of commodities and precious metals; operating hazards and risks; environmental issues and liabilities; and competition and other risks and uncertainties of the mining industry.
Readers are cautioned not to place undue reliance on forward-looking statements.