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Ubique Minerals Signs Term Sheet Providing Opportunity to Acquire Majority Interest in Past Producing Mining Company – Junior Mining Network


Mr. Gerald Harper reports:
TORONTO, ON / ACCESSWIRE / May 30, 2022 / Ubique Minerals Limited (“Ubique”) (CSE:UBQ) advises that it has signed a non-binding term sheet which outlines a proposed acquisition of a 90% interest in a company with a past producing zinc mine in Africa, subject to completion of due diligence, execution of binding documentation and approval by all parties thereto. As a condition of the term sheet, the parties are to maintain confidentiality during the period of due diligence and until the execution of the definitive binding agreements, at which time additional details regarding the acquisition will be provided. The term sheet provides for a 60-day exclusivity period from this date to complete due diligence and execute all definitive binding agreements. The parties then have up-to 9 months to receive regulatory and, if necessary, shareholders’ approval to complete the transaction.
The total purchase price to be paid to the vendor will be as follows:
On behalf of the board directors
“Vilhjalmur Thor Vilhjalmsson”
Vilhjalmur Thor Vilhjalmsson, Chief Executive Office
About Ubique Minerals Limited
Ubique Minerals Limited is an exploration company listed on the CSE (CSE:UBQ) focused on exploration of its Daniel’s Harbour zinc property in Newfoundland and several exploration licenses with zinc, lead, silver potential in Namibia. Ubique is actively looking at other projects around the world. Ubique became a publicly listed company in September 2018. Ubique has an experienced management group with a record of multiple discoveries of deposits worldwide.
For more information on Ubique please see www.ubiqueminerals.com or contact This email address is being protected from spambots. You need JavaScript enabled to view it.
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Dr. Gerald Harper, P.Geo.(NL), director of Ubique, is the qualified person as defined by NI 43-101 responsible for the technical data presented herein and has reviewed and approved this release.
Forward-Looking Information: This news release may contain “forward-looking information” within the meaning of applicable securities laws relating to the trading of the Company’s securities and the focus of the Company’s business. Any such forward-looking statements may be identified by words such as “expects”, “anticipates”, “intends”, “contemplates”, “believes”, “projects”, “plans” and similar expressions. Forward-looking statements in this news release include statements regarding the Company’s possible acquisition of mineral exploration properties and, in connection therewith, any long-term shareholder value and the Company’s intention to develop historic mineral properties. Readers are cautioned not to place undue reliance on forward-looking statements. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the Company will continue its business as described above. Readers are encouraged to refer to the Company’s annual and quarterly management’s discussion and analysis and other periodic filings made by the Company with the Canadian securities regulatory authorities under the Company’s profile on SEDAR at www.sedar.com. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances or actual results unless required by applicable law. Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Burin Gold is a recently listed Newfoundland gold explorer backed by New Gold. The company is focused on exploring the Hickey’s Pond-Paradise gold project, which is host to several historical high-sulphidation gold showings over ~20 kmLEARN MORE
Junior Mining Network


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