VANCOUVER, BC / ACCESSWIRE / February 16, 2023 / AZARGA METALS CORP. ("Azarga Metals" or the "Company") (TSXV:AZR, Financial) is pleased to announce the sale of its wholly-owned subsidiary, Azarga Metals Limited, a BVI corporation pursuant to a share purchase agreement (the "SPA") with a non-sanctioned third-party buyer (the "Buyer"). The Buyer has agreed to pay consideration of US$1 for the project and US$74,999 for the assignment and assumption of the intercompany debt, as well as contingent consideration equal to half of the net proceeds paid to the Buyer from any subsequent third-party sale made by the Buyer (the "Contingent Consideration").
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