JKS RESOURCES INC. announces PROPOSED TRANSACTION TO ACQUIRE YUKON PROPERTIES

VANCOUVER, BC, Jan. 15, 2024 /CNW/ -- JKS Resources Inc. (the "Company" or "JKS") (CNSX:JKS.CN) announces that it has entered into a definitive purchase and sale agreement (the "Agreement") dated January 12, 2024 with 18526 Yukon Inc. (the "Vendor"), an arm's length party, which sets out the general terms and conditions pursuant to which the Company will acquire all of the issued and outstanding common shares of a wholly-owned subsidiary of the Vendor (the "Target") from the Vendor in exchange for common shares of the Company and cash, as further detailed below (the "Transaction"). The Target will own the AZ, Barite Mountain, Birch, Carter Gulch, Clea, Eva, Expo, Faro North, Fox, Gem, Ketza, Nut, Pete, Risby and Talbot claims and the Venus claims and crown grants located in the Yukon (the "Properties") for a total land package of approximately 18,000 hectares.