Monday 30 November 2020

Canada-based Major Precious Metals Corp. (CSE: SIZE) (OTC: SIZYF) (FRANKFURT:3EZ) has completed the acquisition of a 100% interest in Greenlands Skaergaard Project from Platina Resources, Ltd. in cash and stock consideration, the company said.

The acquisition was completed pursuant to the terms of a definitive purchase agreement entered into with Platina Resources Ltd.

In consideration for the acquisition, the company was required to complete a one-time cash payment of USD 500,000 and issue 55,000,000 common shares, representing approximately 31.1% of the issued and outstanding common shares of the company.

In addition, the two mineral exploration licences that comprise the Skaergaard Project (MEL 2007/01 and 2012/25) have been transferred to Major Precious Metals.