NORTH PEAK RESOURCES LTD. (formerly Interbit Ltd.) (TSX Venture: NPR) (the “Company”) is pleased to announce that it has completed its previously announced “Change of Business” transaction (“COB Transaction”), with the result that the Company is now a Tier 2 mining issuer under the policies of the TSX Venture Exchange (the “Exchange”) and engaged in the exploration and development of prospective mineral properties.
Change of Name and Stock Symbol, Resumption of Trading
Trading in the common shares of the Company is expected to begin on the Exchange under the Company’s new name “North Peak Resources Ltd.” and new stock symbol “NPR”, on Tuesday, June 30, 2020.
Change of Business Transaction
The Company completed the COB Transaction by entering into an option agreement dated March 20, 2020 (the “Option Agreement”) with Mr. Mike Leahy, whereby the Company has been granted the option (the “Option”) to acquire a 100% interest in and to the Mike Leahy Property (the “Property”), and by obtaining the necessary shareholder and Exchange approvals. The Property is located in north central Eby Township and in the southern part of adjacent Grenfell Township, immediately west of Highway 11 and approximately 15 kilometres southwest of Kirkland Lake, Ontario. The property is also 10 kilometres west-southwest from the producing Macassa Mine. The Property consists of and to twenty-seven (27) mineral claims totaling approximately 500.3 hectares. See the Company’s Management Information Circular dated May 13, 2020 (the “Circular”) issued in connection with the COB Transaction for further information, a copy of which can be obtained from the Company`s SEDAR profile at www.sedar.com.
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