Beartooth Platinum Sells Stillwater Assets to Nevoro

 

TORONTO - Beartooth Platinum Corporation reported that it has entered into an agreement with Nevoro Inc. regarding the purchase and sale of the property, plant and equipment comprising the Stillwater Complex currently owned by Beartooth.

Nevoro has agreed to purchase the Stillwater Assets for consideration of $1,500,000 to be satisfied by the issue by Nevoro of 15,000,000 common shares in the capital of Nevoro and warrants to acquire 7,500,000 additional common shares of Nevoro at a price of $0.20 at any time prior to the day that is 18 months from the Closing Date.

Completion of the Transaction is subject to Nevoro being satisfied with the results of its due diligence review of the Stillwater Assets, Beartooth being satisfied with the results of its due diligence review of Nevoro, receipt of all required regulatory approvals and compliance with all applicable regulatory requirements and conditions.

The company’s address is 65 Queen St. West, Suite 825, PO Box 67, Toronto, ON M5H 2M5, 416-861-5803, fax: 416-861-8165, email: [email protected]