on February 19th NewPeak announced that they are going to sell Finland Gold permits to Ms Emma Fairhurst
by 31 March, reference at the end (1)
"NewPeak has entered into a Binding Term Sheet for the sale of all its interests in the suite of Finland Gold
permits held by its Finnish subsidiary companies, NewPeak Finland Oy and Kultatie Holding Oy, to
1459988 BC Ltd, a Canadian unlisted private company run by corporate resource entrepreneur Ms Emma
Fairhurst (CANCO). The transaction has been structured to close early, by 31 March 2024, as most of the
due diligence has been completed and Transaction Documents partially drafted. NewPeak understands
CANCO may assign its rightsfrom the private company into a publicly listed Canadian entity by transaction
close."
A person called Emma Fairhurst is the executive chairperson of Crest Resources, where Brian Moller of
NewPeak is a member of the advisory board since June 2022.
Link to a release and capture is at the end (2)
This may have different implications:
A) Fairhurst may have been optimistic in estimating the opportuity represented by a colleague, but
may recognize problems in due diligence.
A source in Finland says that Fairhurst has bee contacted with information about problems and court cases related to the
Finnish tenements, but there has not been any interest from Fairhurst to the data .
B) If Fairhurst would continue, she could be providing another non-sustainable term sheet for NewPeak
Term sheets appears to emerge when money would be needed and disappear in a couple months
1) Check release
https://hotcopper.com.au/threads/ann-new-peak-sells-finland-tenements.7855261/
2) Announcement of Crest Resources
https://www.thenewswire.com/press-r...pdate-property-acquisition-and-financing.html
