Tres-Or signs LOI to acquire Stonecutter diamond-gold project in Ontario

PUBT · 3d ago
Tres-Or signs LOI to acquire Stonecutter diamond-gold project in Ontario
  • Tres-Or agreed to acquire Ontario private company 2540575 Ontario, owner of the Stonecutter diamond-gold project near Wawa, Ontario.
  • Deal terms value TEC Holding’s stake at CAD 3 million, paid in 54,545,455 shares priced at CAD 0.055.
  • TEC Holding also gets up to CAD 2 million in milestone payments tied to a resource estimate and a positive commercial decision.
  • TEC Holding will retain a 2% gross sales royalty on Stonecutter diamond and gold sales, capped at CAD 28 million.
  • Tres-Or plans a non-brokered private placement raising CAD 765,994 to CAD 865,994, including CAD 400,000 to CAD 500,000 flow-through funding.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tres-Or Resources Ltd. published the original content used to generate this news brief on July 13, 2026, and is solely responsible for the information contained therein.