NewPeak Metals finalises sale of Finnish subsidiary companies

NewPeak Metals Ltd (ASX: $NPM) has completed the formal documentation for the sale of its interest in the Finnish subsidiary companies, NewPeak Finland Oy and Kultatie Holding Oy, which hold the portfolio of Finland Gold permits. The sale to 1459992 BC, a Canadian unlisted private company, associated with Emma Fairhurst, a Canadian corporate figure, is part of the Company's strategic rejuvenation plans, providing immediate cash, staged cash payments, and tradeable shares to support its plans. The sale includes consideration of CAD$500,000 in cash, CAD$1,000,000 in shares of the listed company, and a milestone payment of CAD$1,500,000 in cash or shares upon reporting of a JORC Indicated 500,000 Oz Gold resource. Completion is scheduled to take place within 45 days.

Executive Commentary on Sale Completion

The completion of the sale of our Finnish subsidiary companies marks a significant step in our strategic rejuvenation plans. The immediate cash, staged payments, and tradeable shares received from the sale will provide crucial support for our future endeavors. We are pleased with the progress and look forward to the completion within the stipulated timeline. This transaction aligns with our commitment to enhancing shareholder value and focusing on our core strategic objectives. We remain dedicated to transparent communication and will continue to update the market as we progress further. We appreciate the ongoing support of our stakeholders and the market as a whole.

Summary of Sale Completion and Outlook

NewPeak Metals Ltd (ASX: $NPM) has successfully finalized the sale of its Finnish subsidiary companies, marking a significant milestone in the Company's strategic rejuvenation plans. The sale to 1459992 BC, a Canadian unlisted private company, associated with Emma Fairhurst, provides immediate cash, staged cash payments, and tradeable shares, supporting the Company's future plans. The consideration includes CAD$500,000 in cash, CAD$1,000,000 in shares of the listed company, and a milestone payment of CAD$1,500,000 in cash or shares upon reporting of a JORC Indicated 500,000 Oz Gold resource. The completion is scheduled to take place within 45 days, and the Company remains committed to transparent communication and updating the market as the process unfolds. Looking ahead, NewPeak Metals is focused on enhancing shareholder value and pursuing its core strategic objectives, aiming to achieve sustainable growth and success in its future endeavors.