GREY:RNKLF - Post by User
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Jimpro63on Oct 09, 2018 8:18pm
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Royal Nickle DEBT FREE and rolling in LOTS OF CASH
Royal Nickle DEBT FREE and rolling in LOTS OF CASHTORONTO, Sept. 26, 2018 /CNW/ - RNC Minerals (TSX: RNX)
"These exercises delivered a total of $8.4 million in additional cash to RNC. This infusion, in addition to the $38 million in cash to be received from the sale of the previously announced 24,000 ounces of gold recovered from the Fathers Day Vein discovery, will allow the company to repay all of its debt and achieve a substantial net cash position. This cash is expected to fully fund all corporate activities for the foreseeable future, including most importantly the upcoming exploration program at Beta Hunt. With exploration and development ongoing, we will continue to provide timely updates on this very important gold discovery." said Mark Selby, President and CEO of RNC.