CT Developers Ltd. Enters into Definitive Agreement with Magna Mining Inc.

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Feb 11, 2021
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VANCOUVER, BC / ACCESSWIRE / February 11, 2021 / (TSXV:DEV.P) CT Developers ("CT" or the "Company"), a capital pool company, is pleased to announce that it has entered into a definitive agreement dated February 10, 2021 (the "Definitive Agreement") with Magna Mining Corp. ("Magna") and 2813443 Ontario Inc., a wholly-owned subsidiary of the Company ("Subco"), which shall govern the Company's qualifying transaction (the "Qualifying Transaction") pursuant to Policy 2.4 - Capital Pool Companies (the "Policy")of the TSX Venture Exchange (the "Exchange"). The Definitive Agreement supersedes the non-binding letter of intent dated November 3, 2020 (the "LOI") entered into between CT and Magna.