Kobrea Completes Next Payment Under Property Option Agreement for Its Western Malargüe Copper Projects - Mendoza Province, Argentina
Kobrea Exploration Corp. (OTCQB: KBXFF) has completed its latest payment under the Option Agreement for the Western Malargüe Copper Projects in Argentina. The payment includes $350,000 in cash and 105,000 common shares, representing the first portion of the third payment.
The Option Agreement, dated August 14, 2024, grants Kobrea the exclusive right to earn 100% interest in seven projects covering 733 km² in southwestern Mendoza Province. To acquire full interest, Kobrea must issue 3.5 million common shares and make cash payments totaling USD$6.76 million over five years, subject to a 1.5% net smelter return royalty to the optionors.
Kobrea Exploration Corp. (OTCQB: KBXFF) ha completato il pagamento previsto dall'Accordo di Opzione per i Progetti di Rame Western Malargüe in Argentina. Il pagamento comprende $350,000 in contanti e 105,000 azioni ordinarie, rappresentando la prima tranche del terzo pagamento.
L'Accordo di Opzione, datato 14 agosto 2024, conferisce a Kobrea il diritto esclusivo di acquisire il 100% degli interessi in sette progetti che coprono 733 km² nel sud-ovest della Provincia di Mendoza. Per ottenere la piena proprietà, Kobrea deve emettere 3,5 milioni di azioni ordinarie e corrispondere pagamenti in contanti per un totale di USD$6.76 million nell'arco di cinque anni, soggetti a una royalty NSR dell'1,5% a favore degli optionor.
Kobrea Exploration Corp. (OTCQB: KBXFF) ha completado el pago correspondiente al Acuerdo de Opción para los Proyectos de Cobre Western Malargüe en Argentina. El pago incluye $350,000 en efectivo y 105,000 acciones ordinarias, que constituyen la primera parte del tercer pago.
El Acuerdo de Opción, con fecha 14 de agosto de 2024, otorga a Kobrea el derecho exclusivo a obtener el 100% de participación en siete proyectos que abarcan 733 km² en el suroeste de la provincia de Mendoza. Para adquirir la participación total, Kobrea debe emitir 3,5 millones de acciones ordinarias y efectuar pagos en efectivo por un total de USD$6.76 million durante cinco años, sujeto a una regalía NSR del 1,5% a favor de los optionors.
Kobrea Exploration Corp. (OTCQB: KBXFF)가 아르헨티나의 Western Malargüe 구리 프로젝트에 대한 옵션 계약에 따른 최신 지급을 완료했습니다. 이번 지급은 현금 $350,000 및 보통주 105,000주로, 세 번째 지급의 첫 번째 분할입니다.
2024년 8월 14일자 옵션 계약은 Kobrea에게 멘도사 주 남서부에 걸쳐 733 km²를 포함하는 7개 프로젝트에 대한 100% 지분을 획득할 수 있는 독점권을 부여합니다. 완전한 지분을 취득하려면 Kobrea는 보통주 3.5백만 주(3,500,000주)를 발행하고 5년 동안 총 USD$6.76 million의 현금 지급을 해야 하며, 이는 옵션 제공자에게 1.5% NSR 로열티가 적용됩니다.
Kobrea Exploration Corp. (OTCQB: KBXFF) a effectué son dernier paiement en vertu de l'accord d'option concernant les projets cuivre Western Malargüe en Argentine. Le paiement comprend 350 000 $ en espèces et 105 000 actions ordinaires, représentant la première tranche du troisième paiement.
L'accord d'option, daté du 14 août 2024, accorde à Kobrea le droit exclusif d'acquérir 100 % d'intérêt sur sept projets couvrant 733 km² dans le sud-ouest de la province de Mendoza. Pour obtenir l'intégralité des intérêts, Kobrea doit émettre 3,5 millions d'actions ordinaires et effectuer des paiements en espèces totalisant USD$6.76 million sur cinq ans, sous réserve d'une redevance NSR de 1,5 % au profit des donneurs d'option.
Kobrea Exploration Corp. (OTCQB: KBXFF) hat die letzte Zahlung im Rahmen der Optionsvereinbarung für die Western Malargüe Kupferprojekte in Argentinien abgeschlossen. Die Zahlung umfasst $350,000 in bar und 105.000 Stammaktien und stellt den ersten Teil der dritten Zahlung dar.
Die Optionsvereinbarung vom 14. August 2024 räumt Kobrea das ausschließliche Recht ein, in sieben Projekte mit insgesamt 733 km² im Südwesten der Provinz Mendoza ein 100%iges Interesse zu erwerben. Um das volle Interesse zu erlangen, muss Kobrea 3,5 Millionen Stammaktien ausgeben und innerhalb von fünf Jahren Barzahlungen in Höhe von insgesamt USD$6.76 million leisten, vorbehaltlich einer 1,5% Net Smelter Return (NSR)-Royalty zugunsten der Optionsgeber.
- None.
- Significant remaining financial obligations totaling USD$6.76 million
- 1.5% net smelter return royalty obligation to optionors
- Share dilution through issuance of 3.5 million common shares
Vancouver, British Columbia--(Newsfile Corp. - August 13, 2025) - Kobrea Exploration Corp. (CSE: KBX) (FSE: F3I) (OTCQB: KBXFF) ("Kobrea" or the "Company") announces that it has completed the next payment to the optionors under its option agreement dated August 14, 2024 (the "Option Agreement"), pursuant to which the Company has the exclusive right to earn a
The payment consisted of USD
Under the terms of the Option Agreement, the Company can acquire up to a
About Kobrea
Kobrea Exploration Corp. is a mineral exploration and development company focused on the acquisition and exploration of base metal projects. Kobrea holds the right to earn a
For more information, please consult the Company's filings, available at www.sedarplus.ca.
ON BEHALF OF THE BOARD OF DIRECTORS,
Per: "James Hedalen"
James Hedalen
CEO & Director
Contact Information
James Hedalen
CEO & Director
Mobile: (778) 322-9066
Email: James@kobreaexploration.com
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company, including statements respecting (i) the Western Malargüe Copper Projects, (ii) the Company's performance of its obligations under the Option Agreement, and (iii) the exercise of the option thereunder. These forward-looking statements generally are identified by words such as "believe," "project," "aim," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262296
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