Projects Cancelled / Terminated for "Business Reasons"

Mantra 2 Real Estate Inc. had entered into an option agreement (the "Option Agreement"), subsequently terminated (due to travel restrictions caused by Covid) by the Company, to acquire and develop Luxury Homes and Luxury Hotel. [see AsiaBaseMetals Inc. (Trading Symbol: TSX.V: ABZ). News Release Apr 16, 2020'. 

Pursuant to the Option Agreement the Company had secured the right to acquire a real-estate project in  Rogoznica-Lozica, Dalmatia Region, Croatia (the ”Paradise Resort”) with the optionor (the "Optionor"),.

Pursuant to which the Company had an option (the "Option") to acquire the right of the Optionor under an underlying agreement with the owner of the real estate in Rogoznica-Lozica, Croatia (the "Property"), allowing the Company to develop the Property (comprising 21,223 m2 in size) located adjacent to the ocean front in Rogoznica-Lozica, Croatia. into the Paradise Resort, consisting of  Luxury Hotel (32 rooms) and Luxury Homes (24 homes).

Travel Restrictions caused by the Covid epidemic necessitated the termination.

As such, the Company terminated the Option Agreement, and is seeking new projects; “Projects of Tomorrow”.