Sylla Gold Corp.

10:19 AM EST - Sylla Gold Corp. : Announced that, further to its press release of August 30, 2021, it has entered into a definitive option agreement with Niaouleni Gold Inc. and Niaouleni Gold Mali SARL, a wholly-owned subsidiary of Niaouleni Gold, pursuant to which the Company has been granted an option to acquire an indirect 100% interest in one gold exploration permit located in the Republic of Mali. In order to exercise the Option, the Company is required to make the following payments: (i) $50,000 upon receipt of approval of the TSX Venture Exchange for the Transaction, $50,000 on the first anniversary of the Effective Date, $100,000 on the second anniversary of the Effective Date, and $500,000 on the third anniversary of the Effective Date; (ii) issue 1,000,000 common shares in the capital of the Company on the Effective Date, issue 1,000,000 Common Shares on the first anniversary of the Effective Date, issue 2,000,000 Common Shares on the second anniversary of the Effective Date, and issue 5,000,000 Common Shares on the third anniversary of the Effective Date; and (iii) incur $ 1,380,000 in expenditures in respect of the Niaouleni Permit over a three-year period. Sylla Gold Corp. shares V.SYG.H are trading unchanged at $0.30.

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