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Metanor Resources MEAOD

Metanor Resources Inc is engaged in the production and sale of gold as well as acquisition, exploration, and development of mining properties. It projects include the Moroy Project and Barry project among others.


OTCPK:MEAOD - Post by User

Post by Jmay14on Nov 03, 2016 11:52am
174 Views
Post# 25420230

$20M cash flow guarantee to sandstorm

$20M cash flow guarantee to sandstormHello,

does anyone know how the $20M cash flow guarantee worked ?

sandstorm paid $20M to metanor to obtain right to buy 20% of gold from bachelor at $500/ounce.

was the $20M cash flow guarantee to reimburse the payment by sandstorm ?
also it seems that the actual amount to date is $23M.


thanks 



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