Fahad Al Tamimi obviously needed the 1.25 million usd! WHY? Well, I'm not pleased that a multimillionaire is demanding...
I understand that the affluent Fahad Al Tamimi invested a fortune in Sabre Gold but why didn't Fahad simply except even mORE Minera Alamos shares to resolve this debt in January? Concerning!
"...Sabre Gold Mines Corp. (TSX: SGLD) (OTCQB: SGLDF) ("Sabre Gold" or the "Company") is pleased to announce that it has successfully completed the previously announced repurchase of the 1.5% net smelter returns royalty ("NSR") on the Copperstone Gold project ("Copperstone") held by Trans Oceanic Minerals Company Ltd. ("TOMC") for a total consideration of US$1.25 million.
As part of the agreement, Sabre Gold satisfied the purchase price through the transfer to TOMC of a 0.5% NSR royalty on the 3 Aces project, an exploration project owned by Seabridge Gold Inc.. The 3 Aces project is located in the highly prospective region of the Yukon, Canada, and the royalty transfer provides TOMC with an ongoing royalty interest in this promising exploration project...."
https://stockhouse.com/news/press-releases/2024/11/11/sabre-gold-completes-the-repurchase-of-royalty-on-the-copperstone-gold-project
https://ca.marketscreener.com/quote/stock/URANO-ENERGY-CORP-119074286/news/Trans-Oceanic-Minerals-Company-Ltd-entered-into-a-letter-of-intent-to-acquire-13-91-stake-in-C2C-G-42079660/
Fahad Al Tamimi
Director
Mr. Al Tamimi is a Saudi-based businessman with global investment activities. Previously, he was President and CEO of SaudConsult, the largest engineering firm in Saudi Arabia responsible for many large infrastructure and construction projects in the country. He was also a 50% partner of Worley Parsons Arabia, which undertook major infrastructure projects in the oil & gas, energy and a mining project worth over $5 billion in Saudi Arabia.