- Firestone Ventures (FV.H) has entered into an agreement to sell the Torlon Hill Project located in Guatemala to Esperanza Resources Limited
- Esperanza will purchase all of the outstanding shares of Fuegoestrella, Sociedad Anonima (FSA) for US$500,000 in cash
- The transaction is expected to close on or around September 20, 2021
- Firestone’s AGM is scheduled for September 15, 2021
- Firestone Ventures is a junior exploration mining company
- Firestone Ventures Inc. (FV.H) is trading at C$0.14 per share at 2 pm ET
Firestone Ventures (FV.H) has entered into an agreement to sell the Torlon Hill Project located in Guatemala to Esperanza Resources Limited.
Under the terms of the agreement, Esperanza will purchase all of the outstanding shares of Fuegoestrella, Sociedad Anonima (FSA), a wholly-owned subsidiary of the company and the owner of the Torlon Hill Project, for US$500,000 in cash.
The transaction is expected to close on or around September 20, 2021, and is subject to all requisite regulatory approvals, including approval by the NEX board of the TSX Venture Exchange and shareholder approval.
Esperanza is an arm’s length party to the company and no finder’s fees will be paid in connection with the Transaction.
Firestone Ventures also wishes to announce that the upcoming annual general and special meeting of shareholders will be held on September 15, 2021. Shareholders will be asked to consider and vote on the following matters:
- Elect the directors for the ensuing year;
- Re-appoint McGovern Hurley LLP, Chartered Accountants as the auditors for the ensuing year and to authorize the Directors to fix their remuneration;
- Vote on the resolution to reapprove the company’s 10% rolling incentive stock option plan for the ensuing year; and
- Vote on a special resolution authorizing the company to complete the transaction, which constitutes the sale of substantially all of its assets.
Firestone Ventures also confirms it has adopted its amended and restated restricted stock unit plan which was approved at the company’s annual general and special shareholders’ meeting on March 6, 2020.
Under the Amended RSU Plan, restricted share units may be granted to directors, employees and consultants.
Firestone Ventures is a junior exploration mining company engaged in the acquisition and exploration of mineral properties, with a focus on zinc, lead, silver and copper.
Firestone Ventures Inc. (FV.H) is trading at C$0.14 per share at 2 pm ET.
