OTCPK:DRLDF - Post by User
Comment by
R_J_on Jun 03, 2017 6:48am
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Post# 26320084
RE:News - Dalradian-Minco Royality Agreement
RE:News - Dalradian-Minco Royality AgreementLouis James Comments
Quote:
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This is as expected, largely FYI.
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It's good to see both parties finally seal the deal, however.
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Remember, the idea here is simply to extinguish Minco’s 2% royalty on Dalradian’s Curraghinalt gold project.
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The way this will be done may sound a bit complex, at least for Minco.
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In a nutshell: Minco will put the rest of its assets into a de-merged sub-co, and so when Dalradian buys the company all it gets is the royalty.
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Eliminating this 2% hit off the top would be an obvious plus for Dalradian, so we are on board.
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All good, . . .
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End Quote.
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RJ