Fiorentina Announces $5 Million Non-Brokered Private Placement & Assignment and Assumption Agreements for Gold Basin Property
Vancouver, British Columbia, June 18, 2020: Fiorentina Minerals Inc. (the “Company” or “Fiorentina”) (CSE: FLO) announces a non-brokered private placement of up to 25,000,000 common shares in the capital of the Company (each, an “Offering Share”) at a price of $0.20 per Offering Share for aggregate gross proceeds of up to $5,000,000 (the “Offering”).
Fiorentina also announces that it has entered into two assignment and assumption agreements dated June 16, 2020 with Centric Minerals Corporation (“Centric”), an arm’s length private British Columbia corporation, whereby Centric has assigned to the Company (the “Assignment”) all of its rights under two letter agreements (the “Letter Agreements”) with third party vendors (the “Vendors”) that are at arm’s length to the Company. Pursuant to the Letter Agreements, Fiorentina will be assigned the right to acquire an approximate aggregate 75% interest in and to the Gold Basin property located in the Gold Basin Mining District, Mohave County, Arizona, which comprises five mineral rights (2,389.34 acres) and 290 unpatented mining claims (5,280 acres), totalling 7,669.34 acres (the “Property”).
Find the full announcement here: 190620 Fiorentina Announces $5 million Placement and Assignment and Assumption Agreementsfor GB