TORONTO, Oct.  26, 2022  (GLOBE NEWSWIRE) -- Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) is pleased to announce that First Energy Metals Limited (“First Energy”) has chosen to accelerate the option payments for the Falcon Lake claims as announced in a press release dated January 12, 2022. First Energy will make a cash payment of $70,000 and issue 500,000 shares of First Energy as full and final payment of this option agreement. In recognition of the early payments, the Company has agreed to waive any remaining work commitments.
Hemlo Explorers Announces Acceleration of the Falcon Lake Option Agreement
Hemlo Explorers Announces Acceleration of the Falcon Lake Option Agreement --  Hemlo Explorers Inc. (the “Company”) (TSXV: HMLO) is pleased to announce that First Energy Metals Limited (“First Energy”) has chosen to accelerate the option payments for the Falcon Lake claims as announced in a press release dated January 12, 2022. First Energy will make a cash payment of $70,000 and issue 500,000 shares of First Energy as full and final payment of this option agreement. In recognition of the early payments, the Company has agreed to waive any remaining work commitments.