Toronto, Ontario--(Newsfile Corp. - January 20, 2021) - Canadian Silver Hunter Inc. (TSXV: AGH.H) (the "Company") announces that the Company has entered into a claims purchase agreement dated January 20, 2021 with an arm's length party (the "Vendor") pursuant to which the Company will acquire a 100% undivided interest in 11 mineral claims units from the Vendor (the "Acquisition"). The claims are located in Carscallen and Whiteside Townships, approximately 5 km north west of Melkior Resources Inc.'s Jowsey discovery on their Carscallen project.
As consideration for the Acquisition, the Company will issue 100,000 common shares in the capital of the Company at a deemed price of $0.06 per share to the Vendor. The common shares will be subject to a statutory hold period of four months and one day from the date of issuance thereof, in accordance with applicable securities laws.
Completion of the Acquisition remains subject to final approval of the TSX Venture Exchange.
About Canadian Silver Hunter Inc.
Canadian Silver Hunter Inc. is a Canadian mineral exploration company focused on gold and silver exploration in Ontario and Quebec. The Company currently owns two properties: the Silver Centre-Keeley Frontier property, located near Cobalt in Northern Ontario; and the Lac Lachance property, located near Lac Windfall in Quebec, and has an option to acquire a 100% interest in the Lost Dog property, located near Timmins in Northern Ontario. For further details about the Company's projects and plans please visit the Canadian Silver Hunter Inc. website at www.canadiansilverhunter.ca.
For more information please contact:
Jeffrey Hunter
President & CEO
(416) 707-4230
jhunter@cshi.ca
CAUTIONARY STATEMENT: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notice Regarding Forward Looking Information
Certain information set forth in this news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, and commodity prices. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward looking information. The parties undertake no obligation to update forward-looking information except as otherwise may be required by applicable securities law.
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