AuQ Gold Mining Inc V.AUQ

Royal Gold Mining agreement for Partridge property

[sueron]

Not saying to buy or sell..

2020-01-22 19:17 ET - Property Agreement
Shares issued 10,269,462
ROYL Close 2020-01-22 C$ 0.51

The TSX Venture Exchange has accepted for filing documentation pertaining to a letter agreement dated Jan. 16, 2020, between Royal Gold Mining Inc. and an arm's-length party (the vendor), whereby the company has agreed to acquire a 100-per-cent interest in certain mineral claims (the Partridge gold project), located in Abitibi in Quebec.

Under the terms of the agreement, the company will issue 360,000 common shares to the vendor to earn the full interest in the property. The vendor will retain a 2-per-cent net smelter return (NSR) royalty, 50 per cent of which is purchasable by the company at any time for $1-million.

For further details, please refer to the company's news release dated Jan. 17, 2020.

GLTA

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