other material
confidence high
sentiment positive
materiality 0.70
Lode-Star terminates Goldfield Bonanza Option, returns 20% interest, gets $2.224M debt forgiveness
FinTrade Sherpa, Inc.
- Terminated Option Agreement with Lode Star Gold; returns its 20% undivided interest in Goldfield Bonanza Project in Nevada.
- LSG forgives approximately $2.224 million in accrued unpaid penalty and other payments owed by the Company.
- LSG retains the 35 million shares of common stock previously issued for the initial 20% interest; no surrender required.
- Settlement includes a broad mutual release of claims between the parties.
- Company states the debt relief supports its pivot to EGCG pharmaceutical assets acquired from Sapir Pharmaceuticals in December 2021.