GREY:RNKLF - Post by User
Comment by
Tcheckon Jan 22, 2019 10:18am
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Post# 29264025
RE:More NEWS!!!!
RE:More NEWS!!!! is this good or bad news ?
i dont know how to interprete it .
does battery one have a good reputation ?
- a 2.0% net smelter return (“NSR”) royalty on future production over metals from the Dumont Nickel-Cobalt project (the “Dumont deposit”),
- The area under the royalty covers approximately 21% of the Dumont deposit. The acquisition price is C$2 million in cash and 3,669,018 shares of BatteryOne representing a 19% interest. 1% of the NSR can be bought back by the owner of the project for C$1 million. The NSR was acquired from the original owners of Dumont Deposit pursuant to a royalty purchase and sale agreement.