Fokus Mining Corporation completes initial payments pursuant to the mineral option agreement for the acquisition of the Galloway Property
ROUYN-NORANDA, Sept. 1, 2020 - Fokus Mining Corp., formerly Fieldex Exploration Inc. ("Fokus") is pleased to announce the completion of the initial payments pursuant its previously-announced Mineral Option Agreement with Vantex Resources Ltd. (TSXV: VAX) ("Vantex") of Vancouver pursuant to which Fokus can acquire the Galloway Property. Fokus paid an amount of $250,000 to Vantex and issued 3,000,000 common shares to Vantex as initial payment in order to obtain the right to explore and option the Galloway Property (see Fokus' press releases dated July 16, 2020 and August 7, 2020 for more information on the Mineral Option Agreement and the Galloway Property). About Fokus Mining
Fokus Mining is a mineral resource company actively exploring in Québec on acquiring and exploring precious metals deposits located in the province of Québec.
Forward-Looking Statements
Except for historical information, this news release may contain certain "forward looking statements", including those relating to the Mineral Option Agreement with Vantex Resources Ltd. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the expectations and projections of Fokus. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including the exercise of the option under the Mineral Option Agreement, or what benefits Fokus will derive therefrom. A more detailed discussion of the risks inherent in Fokus' business is available in documents filed by Fokus on SEDAR at www.sedar.com. Unless otherwise stated, all forward-looking statements in this news release speak only as of the date of this news release and Fokus does not have any obligation to update such statements, except to the extent required by applicable securities laws.
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SOURCE Fokus Mining Corp.
Contact
Thibaut Segeral, President & Chief Executive Officer, Tel.: (819) 762-0609, Fax: (819) 762-0097, Email: thibautsegeral@gmail.com