Windfall Geotek

09:29 AM EST - Windfall Geotek : Announced it has signed a binding letter of intent to enter into an agreement to develop the Chapais property (See Windfall News Release dated April 8th, 2021). Terms of the definitive agreement are to be finalized no later than July 19, 2021 and will include: 1. Issuance of shares to Windfall Geotek at pre IPO/RTO valuation; 2. Issuance of an NSR on the property; 3. Board position with resultant public entity and input into key management hires. Dinesh Kandanchatha, Chairman commented: “We had a lot of interest in this property, and are pleased to announce that we have selected a partner with whom we envision having a relationship with over the long run. Our intent is to work with partners who understand the value our technology can unlock throughout the various stages of the project.” Windfall Geotek shares V.WIN are trading unchanged at $0.30.

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