That Sandstorm deal...Good work, Aton.
I don't understand how they value these NSR, but my first impression was $300K looks cheap. I guess the $1.8M equity financing that goes along with it made it acceptable for the Board. Regardless, great to see company getting some investment from household name in Vancouver. Shows me that team working hard behind the scenes and having some traction with their plan in boardrooms.
Sandstorm has agreed to subscribe for 40,000,000 Units for total proceeds of $1.8 million and to pay Aton $300,000 in consideration for it granting Sandstorm a 1% Net Smelter Royalty over the Abu Marawat Concession Area. Sandstorm has also agreed not to dispose of any Units for a minimum of twelve (12) months from the date of closing.