Jan. 27, 2022
Vancouver, B.C. January 27, 2022 – Smooth Rock Ventures Corp. (“Smooth Rock” or the “Company”) (TSXV: SMRV; OTC PINK: SMRVF) announces it has signed through its wholly owned subsidiary, Smooth Rock Ventures, LLC, a binding Purchase Agreement (the “Agreement”) with Nevada Canyon, LLC, a wholly owned subsidiary of Nevada Canyon Gold Corp. (“Nevada Canyon”), to sell a 2.0 per-cent net smelter returns royalty (NSR) on the Palmetto Project, located in Esmeralda County, Nevada.
Smooth Rock owns an 100% undivided interest the Palmetto Project previously subject to no outstanding royalties. The Project consists of 116 unpatented mining claims totalling 2217 acres located in Esmeralda County, Nevada, within the southern portion of the Walker Lane gold trend. Nevada Canyon will acquire a 2.0-per-cent NSR on the Palmetto Project for total proceeds of $350,000 (USD) cash. The agreement is subject to final documentation and closing is expected to be on or before February 7, 2022.
Mr. Alan Day is a member of the board of directors of both Nevada Canyon and Smooth Rock, therefore he has abstained from voting on approval of the above transaction for both Companies.
ON BEHALF OF THE BOARD
“Chris Hobbs”
Chris Hobbs
Director & CFO
FOR FURTHER INFORMATION PLEASE CONTACT:
Smooth Rock Ventures Corp.
(TEL)- (888) 909-5548, (FAX)-(888) 909-1033
Email: info@smoothrockventures.comWebsite: www.smoothrockventures.com
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.
