December 18, 2024 – Record Resources Inc. (TSX-V: REC) announces that it is actively working with the TSX Venture Exchange to address supplementary information requests regarding the final agreement. This collaborative process underscores Record’s commitment to transparency and its focus on maintaining the highest standards of corporate governance.
As initially disclosed on November 21, 2024, Record Resources entered into an arm’s-length agreement with a private exploration company. The proposed terms provide Record with 100% ownership of the hydrogen claims in exchange for 12,500,000 shares issued at a price of $0.03 per share and a cash consideration of $39,000. The vendor will retain a 2% gross revenue royalty, with the option for Record Resources to repurchase half of the royalty for $2 million.
Record Resources thanks its stakeholders for their continued support and confidence as the company advances its initiatives.
For more information please contact:
Michael C. Judson, Chairman & CEO
Record Resources Inc.
T. +1-514-865-5496
Website: www.recordgoldcorp.com