GREY:RNKLF - Post by User
Comment by
pierregon Mar 21, 2019 1:53pm
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Post# 29518289
RE:RE:Q4 financial profit is to be expected
RE:RE:Q4 financial profit is to be expected «The area under the royalty covers approximately 21% of the Dumont deposit. The acquisition price is C$2 million in cash and 3,669,018 shares of BatteryOne representing a 19% interest. 1% of the NSR can be bought back by the owner of the project for C$1 million. The NSR was acquired from the original owners of Dumont Deposit pursuant to a royalty purchase and sale agreement.
Royal Nickel Corporation, the former owner of the Dumont deposit.»
Thus, C$2 million in cash and 3,669,018 shares of BatteryOne to RNX in return of a 2% NSR.