| Home : CKR Announces Signing of Farm Out Agreement and Earning of 23% Interest in Aukam Graphite Project |
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Sep 15
2016 |
CKR Announces Signing of Farm Out Agreement and Earning of 23% Interest in Aukam Graphite Project |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 14, 2016) - CKR Carbon Corporation. ("CKR" or the "Company") (TSX VENTURE:CKR)(FRANKFURT:CB8) is pleased to announce the signing of a binding Farm Out agreement (the Agreement) with Next Graphite Inc (Next) for the Aukam graphite project in Namibia. Under the terms of the Agreement CKR will earn a direct 63% interest in the License and the Project upon completion of (i) investing US$1.1 million in cash; or (ii) the completion of the plant and infrastructure set up; and (iii) government authorization to begin commercial operations. Completion of the plant and infrastructure setup may be less than US$1.1 million, in which case CKR will have earned its 63% interest prior to investing the full amount. |
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| Source:http://www.marketwired.com/mw/release.do?id=2158393&sourceType=3 |
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