Marathon Gold Corp T.MOZ

New Press Release - Marathon Gold Announces Royalty Acquisition by Franco-Nevada and Flow-Through Offering

TORONTO, June 08, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Corporation”; TSX: MOZ) is pleased to announce the sale of an additional 1.5% net smelter returns royalty (“NSR”) on its Valentine Gold Project (“Valentine” or the “Project”) to Franco-Nevada Corporation...read article.

[Ridgeback]

One good move so that cuts any thoughts of further dilution for some time. Perhaps even those warrents will get used at $1.35?

[wreckhouse]

Paul Brink, President and CEO of Franco-Nevada, commented: “Having initially invested when Marathon was an exploration play, it is very rewarding to see Matt and team advancing the asset through construction. We look forward to celebrating first production with them.” This is telling me they will be owning this project soon enough ,just saying . BCRNW

[NLMoose]

Its a big mistake for Franco Nevada as they will lose control over the gold revenue and royalties to Franco Nevada. It will also lead to worries that Marathon Gold will be sold out to the Toronto based gold company. Not a good day for Newfoundland and Labrador as our gold royalties and revenue are under Ontarian control.  

[DaveinNL8]

Well Moose you've only got Joey Smallwood to blame for joining Canada. Maybe all other Canadian companies should move back to their native provinces and we can go back to living (Ron Hynes) dirt poor.

[stockwatcher7]

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[Ridgeback]

Moose.  Its a big mistake for Franco Nevada as they will lose control over the gold revenue and royalties to Franco Nevada. It will also lead to worries that Marathon Gold will be sold out to the Toronto based gold company. Not a good day for Newfoundland and Labrador as our gold royalties and revenue are under Ontarian control. --------------------------------------------------------

[Ridgeback]

Gold royalty and streaming company Franco-Nevada (TSX: FNV; NYSE: FNV) is buying an additional 1.5% net smelter returns royalty (NSR) on Marathon Gold‘s (TSX: MOZ) Valentine project for US$45 million ($60  million). The acquisition increases Franco-Nevada’s aggregate NSR on the gold project, located in Newfoundland and Labrador, to 3%. The Toronto-based firm has also has