Jan. 11, 2018
Mr. Jeffrey Cocks reports
January 11, 2018 – Smooth Rock Ventures Corp. (“Smooth Rock” or the “Company”) (TSX.V SOCK) announces it has closed the previously announced (June 1, 2017 and December 19, 2018) option agreement to acquire a 100-per-cent interest in the Mattagami River zinc property, located in Agate and Tucker townships of the Porcupine mining division of Northeastern Ontario.
The Mattagami property comprises 14 unpatented mining claims totalling 204 units having a combined area of approximately 3,300 hectares, located approximately 50 kilometres northeast of the town of Kapuskasing.
Smooth Rock can earn a 100-per-cent interest in the property under the terms of the amended option agreement by: (a) issuing 6.5 million common shares in the capital of Smooth Rock and paying $25,000 cash within five business days upon receiving TSX Venture Exchange approval, and (b) paying $25,000 cash 12 months from the execution of the option agreement. The property is subject to an underlying 2-per-cent net smelter returns royalty, of which 1.5 per cent may be purchased by the company for $1-million.
All securities to be issued in connection with the option agreement shall be subject to a four-month hold period in accordance with applicable securities legislation.
ON BEHALF OF THE BOARD
FOR FURTHER INFORMATION PLEASE CONTACT: Smooth Rock Ventures Corp.
(TEL)- (888) 909-5548, (FAX)-(888) 909-1033
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.