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Planet Green Metals Signs Memorandum of Understanding with Kraken Gold Corporation and 2628860 Ontario Ltd. to Build District-Scale Exploration Project Adding to their Sheraton Property, T...

Planet Green Holdings Corp. (PLAG) 
Company Research Source: Yahoo! Finance
CSE: PGR (“ Company ”) is excited to announce the signing on a Memorandum Of Understanding (“MOU”) with Kraken Gold Corporation and 2628860 Ontario Ltd. (collectively “ Kraken ”). The Company is actively in discussions with Kraken to create a mutually beneficial Option to Purchase Agreement (“Option”) in which the Company will acquire a large package of important new claims from Kraken that will add up to to the size of its flagship Sheraton Property, east of Timmins, Ontario. Discussions have been very positive, and it is anticipate by all parties that a deal can be inked following a mutual due diligence process in December. The new contiguous Kraken claims would increase the Sheraton Property area by up to by adding up to 483 claims, spanning 12,084 hectares, including 77 claims that are Status Pending with the Ontario government. This would massively increase the land position over very prospective ground for Volcaniclastic Massive Sulphides (“VMS”) within the rhyolite/sedimentar Show less Read more
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