07:56 AM EST, 12/30/2024 (MT Newswires) -- Kintavar Exploration (KTR.V) on Monday said it is selling its Quebec subsidiary, Fer a Cheval Outfitter (FaC), for $3 million in cash less any amounts owing as part of the closing considerations.

A statement noted the transaction is expected to close on January 1, 2025. The closing is conditional to receiving all the funds and the approval of the TSX Venture Exchange. Kintavar retains all the rights to continue exploration on the Mitchi property.

Fer a Cheval is a hunting, fishing and lodging outfitter with an exclusive territory of nearly 240 square km that covers a large area in the northern part of the Mitchi sedimentary basin.