Summa Silver Announces Mogollon Project Anniversary Payment pursuant to Amended Lease Agreements
Summa Silver Corp (TSXV: SSVR) (OTCQX: SSVRF) has announced its fourth annual payment under two amended mining lease agreements for the Mogollon project near Silver City, New Mexico. The company will issue 112,324 common shares at a deemed value of $0.3516 per share, based on the 20-day volume weighted average price on the TSXV.
The amended lease agreements, which allow Summa to lease certain mining claims at Mogollon, have a 10-year term with renewable 10-year extensions at the company's discretion. Annual payments include aggregate cash payments of US$99,067, indexed to the Production Price Index for Industrial Commodities. Summa has the option to pay US$27,018 (PPI-indexed) of the annual amount through common share issuance, subject to TSXV policies.
Summa Silver Corp (TSXV: SSVR) (OTCQX: SSVRF) ha annunciato il suo quarto pagamento annuale ai sensi di due contratti di locazione mineraria modificati per il progetto Mogollon vicino a Silver City, New Mexico. L'azienda emetterà 112.324 azioni ordinarie a un valore presunto di $0,3516 per azione, basato sul prezzo medio ponderato per volume degli ultimi 20 giorni sulla TSXV.
I contratti di locazione modificati, che consentono a Summa di affittare alcune concessioni minerarie a Mogollon, hanno una durata di 10 anni con proroghe rinnovabili di 10 anni a discrezione dell'azienda. I pagamenti annuali includono pagamenti in contante aggregati di 99.067 US$, indicizzati all'Indice dei Prezzi di Produzione per le Merci Industriali. Summa ha l'opzione di pagare 27.018 US$ (indicizzati PPI) dell'importo annuale tramite emissione di azioni ordinarie, soggetta alle politiche della TSXV.
Summa Silver Corp (TSXV: SSVR) (OTCQX: SSVRF) ha anunciado su cuarto pago anual bajo dos acuerdos de arrendamiento minero enmendados para el proyecto Mogollon cerca de Silver City, Nuevo México. La empresa emitirá 112,324 acciones comunes a un valor estimado de $0.3516 por acción, basado en el precio promedio ponderado por volumen de 20 días en la TSXV.
Los acuerdos de arrendamiento enmendados, que permiten a Summa arrendar ciertas reclamaciones mineras en Mogollon, tienen un plazo de 10 años con extensiones renovables de 10 años a discreción de la empresa. Los pagos anuales incluyen pagos en efectivo agregados de 99,067 US$, indexados al Índice de Precios de Producción para Bienes Industriales. Summa tiene la opción de pagar 27,018 US$ (indexados al PPI) de la cantidad anual a través de la emisión de acciones comunes, sujeto a las políticas de la TSXV.
Summa Silver Corp (TSXV: SSVR) (OTCQX: SSVRF)는 뉴멕시코 실버 시티 근처의 Mogollon 프로젝트에 대한 두 개의 수정된 광산 임대 계약에 따라 네 번째 연간 지급을 발표했습니다. 이 회사는 TSXV에서 20일간의 거래량 가중 평균 가격을 기준으로 주당 $0.3516의 평가 가치를 가진 112,324주를 발행할 것입니다.
수정된 임대 계약은 Summa가 Mogollon에서 특정 광산 청구권을 임대할 수 있도록 하며, 10년 기간을 가지며 회사의 재량에 따라 10년 연장이 가능합니다. 연간 지급에는 산업 상품에 대한 생산 가격 지수에 연동된 총 현금 지급 99,067 US$이 포함됩니다. Summa는 TSXV 정책에 따라 일반 주식 발행을 통해 연간 금액의 27,018 US$ (PPI 지수화된)로 지급할 옵션이 있습니다.
Summa Silver Corp (TSXV: SSVR) (OTCQX: SSVRF) a annoncé son quatrième paiement annuel dans le cadre de deux contrats de location minière modifiés pour le projet Mogollon près de Silver City, Nouveau-Mexique. L'entreprise émettra 112 324 actions ordinaires à une valeur estimée de 0,3516 $ par action, basée sur le prix moyen pondéré par volume des 20 derniers jours sur le TSXV.
Les contrats de location modifiés, qui permettent à Summa de louer certaines revendications minières à Mogollon, ont une durée de 10 ans avec des prolongations renouvelables de 10 ans à la discrétion de l'entreprise. Les paiements annuels incluent des paiements en espèces agrégés de 99 067 US$, indexés à l'Indice des Prix de Production pour les Biens Industriels. Summa a la possibilité de payer 27 018 US$ (indexé PPI) du montant annuel par l'émission d'actions ordinaires, sous réserve des politiques de la TSXV.
Summa Silver Corp (TSXV: SSVR) (OTCQX: SSVRF) hat die vierte jährliche Zahlung im Rahmen von zwei geänderten Bergbaupachtverträgen für das Mogollon-Projekt in der Nähe von Silver City, New Mexico, angekündigt. Das Unternehmen wird 112.324 Stammaktien zu einem angenommenen Wert von $0,3516 pro Aktie ausgeben, basierend auf dem 20-tägigen volumengewogenen Durchschnittspreis an der TSXV.
Die geänderten Pachtverträge, die es Summa ermöglichen, bestimmte Bergbauansprüche in Mogollon zu pachten, haben eine Laufzeit von 10 Jahren mit verlängerbaren 10-jährigen Verlängerungen nach Ermessen des Unternehmens. Die jährlichen Zahlungen umfassen aggregierte Barzahlungen von 99.067 US$, die an den Produktionspreisindex für Industriegüter gekoppelt sind. Summa hat die Option, 27.018 US$ (PPI-indexiert) des jährlichen Betrags durch die Ausgabe von Stammaktien zu bezahlen, vorbehaltlich der Richtlinien der TSXV.
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Vancouver, British Columbia--(Newsfile Corp. - March 19, 2025) - Summa Silver Corp. (TSXV: SSVR) (OTCQX: SSVRF) (FSE: 48X) ("Summa" or the "Company") is pleased to announce, further to the Company's news releases dated March 23, 2022, March 16, 2023, and March 18, 2024 and subject to final approval from the TSX Venture Exchange (the "TSXV"), the Company will issue an aggregate of 112,324 common shares pursuant to two previously entered into amended and restated mining lease agreements (collectively, the "Amended Lease Agreements"). The common shares are being issued at a deemed value of
Pursuant to the Amended Lease Agreements, the Company has agreed to continue to lease certain mining claims which form part of the Mogollon project for a period of ten years and renewable in 10- year terms at the Company's election. The Company must make aggregate cash payments of US
About Summa Silver Corp
Summa Silver Corp. is a junior mineral exploration company. The Company owns a
ON BEHALF OF THE BOARD OF DIRECTORS
"Galen McNamara"
Galen McNamara, Chief Executive Officer
info@summasilver.com
www.summasilver.com
Investor Relations Contact:
Giordy Belfiore
Corporate Development and Investor Relations
604-288-8004
giordy@summasilver.com
www.summasilver.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary note regarding forward-looking statements
This news release contains certain "forward looking statements" and certain "forward-looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of assisting readers in understanding management's current expectations and plans relating to the future.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual actions, events or results to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the requirement for regulatory approvals; enhanced uncertainty in global financial markets as a result of the public health crises; unquantifiable risks related to government actions and interventions; stock market volatility; regulatory restrictions; and other related risks and uncertainties.
Forward-looking information are based on management of the parties' reasonable assumptions, estimates, expectations, analyses and opinions, which are based on such management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect.
The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245324
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