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Tres-Or signs LOI to acquire Stonecutter diamond-gold project in Ontario via reverse takeover

PUBT·07/13/2026 11:04:55
語音播報
Tres-Or signs LOI to acquire Stonecutter diamond-gold project in Ontario via reverse takeover
  • Tres-Or signed a non-binding LOI on July 10, 2026 to acquire the Stonecutter Diamond-Gold Project near Wawa, Ontario via Ont-Co.
  • Deal structure targets 100% project ownership through a reverse takeover, leaving Ont-Co shareholders with 59.8% of the resulting issuer pre-financing.
  • Consideration includes 54,545,455 shares valued at CAD 3 million at CAD 0.06 per share.
  • TEC Holding also gets CAD 1 million on an NI 43-101 resource estimate exceeding 1 million +1.0 mm carats.
  • Additional terms include CAD 1 million on a positive commercial decision, plus a 2% gross sales royalty capped at CAD 28 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tres-Or Resources Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202607130700NEWSFILECNPR____20260713_304880_1) on July 13, 2026, and is solely responsible for the information contained therein.