2025-01-08 17:48 ET – News Release
Mr. Miloje Vicentijevic reports
AVARON ANNOUNCES AMENDMENT AGREEMENT TO PROPERTY PURCHASE
Avaron Mining Corp. has entered into an amendment agreement with Copper Co d.o.o. to amend the previously announced purchase agreement between the vendor and the company, dated Jan. 10, 2023, as amended on June 1, 2024, setting out the terms of a right to acquire 100 per cent of the interest of the Tolisnica and Stanca project, located near city of Kraljevo, republic of Serbia.
Under the terms of the purchase agreement, Avaron was required to make a cash payment of $100,000 to vendor on the 18-month anniversary of the effective date. The parties have agreed to amend the purchase agreement to extend this payment period and the right to exercise its right to purchase the property to the 30-month anniversary of the effective date. All other terms of the purchase agreement remain unchanged and can be found in the company’s news release dated Jan. 11, 2023.