Eastport Ventures Inc. is pleased to provide a corporate update from one of the company’s investee’s, Premium Nickel Resources Corporation (“PNR”). Since June 2020 Eastport has accumulated through private placement participation, 2,750,000 shares of PNR representing approximately, 3.74% of the latter’s issued share capital.
Eastport has entered into a non-binding investment memorandum with Evrima plc (AQSE:EVA) that grants to Evrima a 30-day period of exclusivity to undertake a due diligence (DD) of the company's assets and to evaluate the broader capital market interest in companies such as Eastport. We are confident that Evrima's DD will lead to a significant pre-IPO investment in Eastport. https://www.investegate.co.uk/evrima-plc--eva-/prn/conditional-agreement-with-new-investee/2021032412105
The 2020 Annual Survey of Mining Companies, just released, has recognized Botswana as the most favourable investment jurisdiction in Africa with an overall ranking of 11th in the world of the 77 jurisdictions surveyed. Looking back at a number of the annual surveys and you will see a level of consistency unmatched in Africa. This is an outstanding vote of confidence from an industry that faces decade long investment time frames. The full report is on our website in the readin
The amount of green in the photo below tells you about the good rains this year in Botswana. The reports of water levels in the many dams country-wide are exciting too. This Covid thing is a pain, but we are working to stay safe as we prepare for the drilling programmes ahead.