Aventis Energy Secures Option to Acquire 100% of Seneca Project in British Columbia
Bitget2026/10/28 11:38- Aventis Energy entered an option agreement on October 28, 2026, to acquire 100% of the past-producing Seneca VMS project in British Columbia.
- The sellers are Turnagain Resources and 1240089 B.C.; the project lies 120 kilometers by road east of Vancouver.
- Terms require $250,000 cash, $400,000 in common shares and $150,000 in exploration spending over three years.
- Upon exercise, the sellers receive a 2% net smelter returns royalty, fully purchasable for $1 million in 0.5% increments costing $250,000 each.
- The agreement is subject to Canadian Securities Exchange acceptance.
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