PRESS RELEASE!! Windfall Geotek Bind Letter of Inter to Develop Chapais property.
Windfall Geotek, a mining technology company and a leader in the use of Artificial Intelligence (AI) with advanced knowledge-extraction techniques since 2005 announces it has signed a binding letter of intent to enter into an agreement to develop the Chapais property*.* Terms of the definitive agreement are to be finalized no later than July 19, 2021 and will include:
1.Issuance of shares to Windfall Geotek at pre IPO/RTO valuation
2.Issuance of an NSR on the property
3.Board position with resultant public entity and input into key management hires
**Dinesh Kandanchatha, Chairman commented:** “We had a lot of interest in this property, and are pleased to announce that we have selected a partner with whom we envision having a relationship with over the long run. Our intent is to work with partners who understand the value our technology can unlock throughout the various stages of the project.”
Find the full release at: [https://ceo.ca/@thenewswire/windfall-geotek-announces-binding-letter-of-intent](https://ceo.ca/@thenewswire/windfall-geotek-announces-binding-letter-of-intent)
Stay safe, this is not financial advice!!