In a news release, Megastar Development Corp. (MDV:TSX.V; MSTXF:OTC; M5QN:FSE) announced it amended its 2017 agreement that affords DeepRock Minerals the option to purchase a 50% interest in Megastar's Ralleau zinc-copper-silver property in Quebec's Abitibi Greenstone Belt.
The companies made two changes to the terms of the agreement. One was extending the due date of the final cash payment to Dec. 31, 2020 from April 5, 2020.
The second was adding a consideration to be paid by DeepRock for the extension, which it already carried out. That was issuing Megastar another 300,000 common shares, which took Megastar's total to 2 million.
All other requirements outlined in the agreement have been met, the companies reported.[NLINSERT]
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