OTCPK:MEAOD - Post by User
Comment by
Margreton Oct 15, 2012 4:06am
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Post# 20483156
RE: RE: RE: RE: Golly
RE: RE: RE: RE: Golly That was referring to the GRO corporate presentation getting 1%. I was thinking Franco-Nevada because they had an agreement with GRO for half royalty. But buying back sounds like MTO buying back, does anyone have definitive information on the current status of royalties?
Industrial Alliance Report says the total NSR payable by MTO is $1.75M and they bought back the royalty from Halo Resources. The Oct. 28, 2011 audited financial report says 0.25% to 2% up to $1.75M payable to a former owner and 1% NSR.