Minera Alamos, Osisko Gold property agreement amended
2021-06-24 18:10 ET - Property Agreement
The TSX Venture Exchange has accepted for filing documentation pertaining to an amending option agreement dated May 14, 2021, between Minera Alamos Inc. and a non-arm's-length party, Osisko Gold Royalties Ltd. (the purchaser). Pursuant to the amendment, the purchaser will have an additional 12-month period, ending on May 15, 2022, to exercise its right to acquire an aggregate 4-per-cent net smelter return (NSR) royalty on the La Fortuna project, which is located in the state of Durango, Mexico.
The company had originally granted the option to the purchaser in accordance with a royalty option agreement dated May 30, 2017, and amended and restated royalty option agreement dated Dec. 18, 2018, whereby the purchaser may exercise the option and acquire the NSR royalty by paying an aggregate cash consideration equal to $9-million.
For further details, please refer to the company's news releases dated Dec. 12, 2018, and May 20, 2021.
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