ST. JOHN’S, Newfoundland and Labrador – (COMMERCIAL THREAD) – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) today announced the signing of two (2) ownership option agreements on behalf of the strategic alliance between the Company and Benton Resources Inc. (“Benton”) (see press release dated May 20, 2021) to add additional mineral claims to the Gray River gold property in the province of Newfoundland and Labrador, Canada.

Pursuant to an option agreement (the “Lewis Option Agreement”), Gary Lewis (“Lewis”) granted Sokoman the option to acquire a 100% interest in a property license comprising seven claims. (the “Lewis Property”) subject to a 1.5% net smelter return royalty (the “NSR Lewis”) in favor of Lewis (the “Lewis Option”). One percent of the Lewis NSR can be purchased by the Company for $ 1 million at any time. The Lewis Option Agreement will terminate if Sokoman does not meet any of the following conditions, and each cash payment and share issue must be made equally between Gary Lewis, Aubrey Budgell and Paul Delaney:

  • payment of $ 10,000 in cash;

  • the issuance of 50,000 shares of Sokoman upon approval by the TSX Venture Exchange (the “Exchange”);

  • the payment of an additional $ 10,000 and the issuance of an additional 50,000 shares no later than the first anniversary of the Lewis Option Agreement;

  • the payment of an additional $ 10,000 and the issuance of an additional 50,000 shares no later than the second anniversary of the Lewis Option Agreement; and

  • the payment of an additional $ 10,000 and the issuance of an additional 50,000 shares no later than the third anniversary of the Lewis Option Agreement.

Pursuant to a second option agreement (the “G2B Gold Option Agreement”), G2B Gold Inc. (“G2B Gold”) granted Sokoman the option to acquire an equity interest of 100 % in a property consisting of three licenses comprising four claims (the “G2B Property”) subject to a 1.5% net smelter return royalty (the “G2B NSR”) in favor of G2B Gold (the “ G2B Gold option ”). One percent of the G2B NSR can be purchased by the Company for $ 1 million at any time. The G2B option agreement will terminate if Sokoman does not meet any of the following conditions, and each cash payment and share issue must be made equally between G2B Gold, United Gold Inc. and Grassroots Prospecting & Prospect. Generation Inc .:

  • payment of 10,000 cash;

  • the issuance of 50,000 Sokoman shares upon approval by the Stock Exchange;

  • the payment of an additional $ 10,000 and the issuance of an additional 50,000 shares no later than the first anniversary date of the G2B Gold Option Agreement;

  • the payment of an additional $ 10,000 and the issuance of an additional 50,000 shares no later than the second anniversary date of the G2B Gold Option Agreement.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-driven company with projects in Newfoundland and Labrador, Canada. The Company’s primary focus is its portfolio of gold projects: Moosehead, Crippleback Lake (option to Trans Canada Gold Corp.) and East Alder (option to Canterra Minerals Corporation) along the central Newfoundland gold belt. , and the Fleur de Lys district in northwestern Newfoundland, which targets Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The Company also recently entered into a strategic alliance with Benton Resources Inc. through three large-scale joint venture properties, including Gray River Gold, Golden Hope and Kepenkeck in Newfoundland. Sokoman now controls independently and through the Benton Alliance over 150,000 hectares (> 6,000 claims – 1,500 km²), making him one of the largest landowners in Newfoundland, the gold districts Canada’s newest and rapidly emerging. The Company also retains an interest in an early stage antimony / gold project (Startrek) in Newfoundland, optioned to White Metal Resources Inc., and in Labrador, the Company holds a 100% interest in the Iron project. Horse (Fe) which has Direct Shipment Ore Potential (DSO).

About Benton Resources Inc.

Benton Resources is a well-funded Canadian project generator with a diversified portfolio of properties in the Gold, Silver, Nickel, Copper and Platinum group elements. Benton has several high quality projects available for option which can be viewed on the company’s website. Parties interested in seeking more information on the properties available for the option can contact Mr. Stares directly.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS COMMUNICATION.

The information contained in this document contains “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements relate to information based on management’s assumptions, forecasts of future results and estimates of amounts not yet determinable. All statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements”.

Forward-looking statements are subject to various risks and uncertainties that could cause actual events or results to differ from those reflected in forward-looking statements, including, without limitation: risks relating to the inability to obtain adequate funding on a timely basis and on acceptable terms; risks associated with the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks associated with maintaining stock market quotes; risks associated with environmental regulations and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; uncertainty of profitability; risks and uncertainties associated with the interpretation of drilling results, geology, grade and continuity of mineral deposits; risks associated with the inherent uncertainty of production and cost estimates and the potential for unanticipated costs and expenses; the results of pre-feasibility and feasibility studies, and the possibility that future exploration, development or mining results may not meet the Company’s expectations; risks associated with fluctuations in the price of gold and other commodities; and other risks and uncertainties relating to the prospects, properties and operations of the Company detailed elsewhere in the Company’s disclosure file. If one or more of these risks and uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from those described in forward-looking statements. Investors are cautioned against assigning undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company’s expectations or projections.



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