Post by
Malpeque2 on Nov 16, 2022 9:57pm
From the Rogue Property Technical Report
4.5 Royalties and Obligations 4.5.1 Private Royalties Snowline Gold Corp.’s interest in the Rogue project is subject to a 2% NSR in favour of 18526 Yukon Inc., 1% of which may be repurchased by Snowline at Snowline’s discretion in exchange for 1,000 oz of gold bullion. To maintain its interest in the Rogue project and other Yukon Territory mineral properties purchased from 18526 Yukon Inc., Snowline must complete four annual cash payments of $250,000 CDN to 18526 Yukon Inc. on anniversaries one through four of the Closing Date for the December 1, 2020 purchase agreement. Should a NI 43-101 compliant mineral resource exceeding 1,000,000 oz Au be defined in any category on the Rogue project, Snowline will be obliged to make a cash bonus payment to 18526 Yukon Inc. of $1,000,000 CDN. An area of interest exists around the claim block and is active for a period of four years. This AOI extends for two kilometres around existing Rogue property claims and covers additional areas identified by 18526 Yukon Inc. Claims staked or acquired by either party within this area, excluding pre-existing third-party claims, become part of the property and are subject to the NSR and cash bonus payments as outlined above
Comment by
AlwaysLong683 on Nov 17, 2022 7:02pm
18526 Yukon Inc. is a company owned by the Berdahl family: Scott (SGD CEO), Ron (father), and Andrew (Scott's brother?). I suspect SGD was spun out of 18526 Yukon Inc. to go public (so it could more easily raise equity to fund exploration) with the numbered company retaining the above provisions.
Comment by
AlwaysLong683 on Nov 17, 2022 7:05pm
Link provided in the previous post doesn't seem to work. If interested, google "18526 Yukon Inc Berdahl" and it should come up in the results.