The terms of the sale involved an initial payment of $50,000 to Transition Metals at the signing the letter of intent followed by a second payment of $100,000 upon closing the definitive purchase agreement. In addition, VaniCom will issue Transition Metals shares with a value of $350,000, plus Transition will receive a 2.5 per cent net smelter royalty on any future production from the property READ HERE
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