Spur Ventures Inc SPVEF

Metals & Mining Industrial Metals & Minerals

"Atlantic Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. The company explores for gold. It holds interests in the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits; the Cochrane Hill gold deposit; and the Fifteen Mile Stream deposit. All the business activity is primarily functioned through the region of Canada."

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Spur Ventures Inc > The positive is we now are owners of a Royalty

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Comment by WolfOfMainSton Feb 05, 2019 9:17pm

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Post# 29323936

RE:RE:The positive is we now are owners of a Royalty

Could be one of these guys? Maybe the province of Nova Scotia needs some cash now. Source: https://www.atlanticgoldcorporation.com/_resources/fifteen_mile_tr_2015.pdf

4.4 Royalties and Other Agreements and Encumbrances

Former Exploration Licence 06135, now part of EL 10406 is subject to a 1% Net Smelter royalty (NSR) payable to Meguma Resource Enterprises Inc. Atlantic Gold may purchase the NSR for $250,000.
Members of the Felderhof family (G. William Felderhof, David H. Felderhof and D. P. Felderhof), hold a 1% NSR over Special Licence 90/11 and Exploration licence 10406 EL 05889 is subject to a 3% NSR, payable to Mr Scott Grant, with Atlantic Gold able to purchase up to 2% of that royalty from Mr Grant for $500,000 for the first percentage point and $1,000,000 for the second percentage point, or pro-rata for parts thereof.

In addition, aroyalty of 1% of the net value received by the producer is payable to the Province of Nova Scotia on all gold production.