VANCOUVER, BC / ACCESSWIRE / May 31, 2021 / Sassy Resources Corporation (“Sassy” or the “Company”) (CSE: SASY) (OTCQB: SSYRF) (FSE: 4E7) is pleased to announce that the definitive agreement has been reached became (the “Agreement”) to option its Nicobat property in northwest Ontario to privately held MAX Power Mining Corporation (MAX Power). The transaction makes Sassy the largest shareholder in this new battery metals-focused company that has completed an initial financing and prepared for listing on a Canadian stock exchange.
Under the agreement, MAX Power can acquire a 100% interest in Nicobat by incurring exploration expenses of $ 1 million on the property over a 4 year period and Sassy five (5) million shares upon receipt of a listing on a stock exchange Company issues Canadian Exchange with the Nicobat as qualifying property. These shares will be gradually released to Sassy over a three-year period, while Sassy will also be granted one million warrants that can be exercised at 25 cents to purchase an additional million shares of MAX Power within 36 months. Sassy maintains a 1% NSR on the property, which MAX Power can purchase at any time for $ 1,000,000. In addition, Sassy has the right to appoint a director to the MAX Power Board after the date of listing.
Mark Scott, President and CEO of Sassy commented, “The MAX Power team will have a very exciting value proposition for investors. With Nicobat in the very capable hands of MAX Power, Sassy has a strong focus on Eskay Camp and Newfoundland, where Explorations are being conducted programs have begun. “
Newfoundland.Gold Virtual Investor Days – June 1-3
Sassy reminds investors that Newfoundland.Gold This information event will host the launch event Virtual Investor Days from Tuesday, June 1st to Thursday, June 3rd. This informative online conference will feature company presentations from member companies moderated by industry thought leaders and will be keynote speakers on a daily basis. Mark Scott, President and CEO of Sassy, will join a panel discussion starting Thursday, June 3 at 10:00 a.m. PST (1:00 p.m. EST) while Shawn Ryan, Sassy Technical Advisor, June 2nd, gives a presentation. from 11:00 am PST (2:00 pm EST) on “Newfoundland: The Land of Golden Opportunities”.
You can find more information about Virtual Investor Days and registration at Newfoundland.Gold and click on
“Events”.
Newfoundland.Gold focuses on creating innovative capital attraction initiatives to promote Newfoundland and its member businesses. This opening event is just the beginning. Newfoundland.Gold will continue to expand its online presence to raise awareness of the possibilities in Newfoundland, with plans for site visits, roadshows and conference attendance once the travel restrictions for COVID-19 are lifted.
About Sassy Resources Corporation
Sassy Resources is an exploration company currently engaged in the identification, acquisition and exploration of high value precious and base metal projects in North America. The current focus is on the Foremore Gold-Silver Project at Eskay Camp, Liard Mining Division, in the heart of the prolific Golden Triangle of northwest British Columbia.
Beware of forward-looking statements
Investors are cautioned that certain information contained in this document, other than historical facts, contains “forward-looking information” relating to the performance expectations of Sassy Resources Corporation. Such forward-looking statements are based on current expectations, estimates and projections that have been formulated using assumptions that are believed to be reasonable and involve a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These factors include, without limitation, fluctuations in the currency markets, the price of commodities in both the cash and futures markets, changes in legislation, taxes, controls and regulation by national and local governments, and political and economic developments in Canada and other countries if Sassy in the future Does or may do business, the availability of future business opportunities and the ability to successfully integrate acquisitions or operational difficulties related to technical mining and reclamation activities, the speculative nature of mineral exploration and development, including risks, the licenses and permits required to obtain, decrease the amount or degree of reserves, adverse changes in credit ratings and the challenge of ownership. The company undertakes no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events, or for any other reason, except as required by applicable securities laws. Some of the reported results are historical and may not have been verified by the company.
Contact information:
Mark Scott
Chief Executive Officer and Director
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The CSE has neither approved nor disapproved the contents of this press release. Neither the CSE nor its regulatory service provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release.
