Morocco Strategic Minerals sells Sakami stake to Visible Gold

Morocco Strategic Minerals has sold a 51% stake in its Sakami Property in Quebec’s James Bay region to Visible Gold Mines Inc. under a revised purchase and option agreement. Visible Gold acquired the shares in exchange for 1,000,000 common shares and has an exclusive option to acquire the remaining 49% stake, contingent on shareholder approval in December 2026.

The transaction includes a 3,000,000 share issuance by Visible Gold and a 1% net smelter return royalty, which can be repurchased for $1 million. The shares will be released in stages over four months and three years, with Eskar Capital Corporation acting as finder and receiving a 4% cash fee.

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