PIEDMONT, QC, Aug. 24, 2020 /CNW Telbec/ - Typhoon Exploration Inc. (TSXV: TYP) (« Typhoon » or « the Company ») finalized an agreement with Agnico Eagle Mines Limited to acquire its residual interest (49%) in the Fay West Property. In exchange, Typhoon will pay $25,000 in cash; issue 500,000 common shares; and grant a 2% net smelter return royalty on the Fay West Property.
With this agreement, which is conditional to the TSX Venture Exchange's approval, Typhoon now controls 100% of the Fay West Property.
SOURCE Typhoon Exploration Inc.
View original content: http://www.newswire.ca/en/releases/archive/August2020/24/c9324.html