Increased Donner deal See the press release. It is unclear for me if this concerns only SME or also SG. I think, based on the prior deal, that the gold and silver goes to SG and the copper to SME. In this case $2 million should be paid by SG and $8 million by SME.....
https://finance.yahoo.com/news/donner-metals-ltd-increased-upfront-200100137.html
Donner Metals Ltd. ("Donner") (TSX VENTURE:DON)(D4M.F) reports that it has amended its existing Metal Purchase Agreement with Sandstorm Metals & Energy Ltd ("Sandstorm") whereby Sandstorm will provide an additional US$10 million upfront payment in exchange for the purchase of an amount equivalent to an additional 7% of the future copper, gold and silver production from the Bracemac-McLeod Mine.
Under the amended Metal Purchase Agreement, Sandstorm will have the right to purchase the equivalent of 24.5% of the future copper, gold and silver production from Bracemac-McLeod Mine. In addition, Donner no longer has the right to buy back from Sandstorm half of the original metal purchase amount. All other significant terms of the Metal Purchase Agreement remain the same.
Sandstorm has also agreed to provide Donner a working capital line of credit in an amount up to $4 million. The line of credit will bear 7.0% annual interest, compounded monthly and payable on the maturity date of February 1, 2014. A 1% standby fee, also payable on February 1, 2014, will be charged on the unused portion.