Vancouver, BC – August 19, 2024 – SKRR Exploration Inc. is pleased to announce the completion of the sale of its 100% legal and beneficial interest in thirteen mineral claims totaling 4,293.213 hectares located in Saskatchewan known as the Manson Bay Project. This sale was executed pursuant to a definitive asset purchase agreement dated February 7, 2024, between SKRR Exploration Inc. and Military Metals Corp.
The acquisition of the Purchased Assets by Military Metals Corp. marks a change of business for the company to a mineral exploration entity, as per the policies of the Canadian Securities Exchange. Shareholder approval for this transaction and change of business was obtained at the annual general and special meeting of shareholders held on August 14, 2024.
In connection with the transaction, Military Metals Corp. has rebranded to “Military Metals Corp.” and will begin trading on the Canadian Securities Exchange under the symbol “MILI” on August 20, 2024.
Under the terms of the Definitive Agreement, SKRR Exploration Inc. sold its rights in the Property and all related data and information to Military Metals Corp. As consideration, Military Metals issued 1,000,000 common shares to SKRR Exploration Inc. at a price of $0.25 per share. The Consideration Shares are subject to resale restrictions, with releases scheduled at various intervals after the Closing Date.
SKRR Exploration Inc. is a Canadian-based precious and base metal explorer with properties in Saskatchewan, focusing primarily on exploration in the Trans-Hudson Corridor for uranium, precious, and base metal deposits. The company is committed to its stakeholders, shareholders, partners, and the environment.
For more information, please contact:
Sherman Dahl
President & CEO
Tel: 250-558-8340
Please note that the TSX Venture Exchange and its Regulation Services Provider do not accept responsibility for the adequacy or accuracy of this release.
This news release may contain forward-looking information or statements regarding the Company’s technical, financial, and business prospects, among other matters. While the Company believes these statements are based on reasonable assumptions, actual results may differ materially due to various risks and uncertainties. The Company does not undertake to update forward-looking statements or information unless required by law.
SOURCE: SKRR Exploration Inc.
