Kenorland Minerals Ltd. has announced that it has entered into a purchase agreement dated 22 June 2021 with Superior Nickel Inc.
Pursuant to the agreement, Superior will acquire a 100% interest in and to the Fox River property, located in the Fox River Belt, Manitoba.
As consideration for the property, Superior will issue to Kenorland 2.66 million common shares in its capital, as well as granting to Kenorland a 2% net smelter return royalty on the property.