Post by
DartStock on Sep 15, 2009 5:18pm
RYSMF on the right track?
Royal Standard Minerals Inc. announced the sale of its 100 percent interest in the Railroad Project in Elko County on the southern Carlin Trend to a private party for $2.965 million.
Royal Standard’s net profit after a payout of an option to purchase on the land is $1.2 million, and the company retained a 1 percent royalty. Royal Standard also received 500,000 common shares in the private company that bought the project.