Bullboard - Stock Discussion Forum Star Royalties Ltd V.STRR

Alternate Symbol(s): STRFF

Metals & Mining Industrial Metals & Minerals

Star Royalties Ltd. is a carbon credit and precious metals royalty and streaming company. The Company created a carbon credit royalty in forestry and regenerative agriculture through its majority-owned, pure-green joint venture, Green Star Royalties Ltd. (Green Star), and offers investors exposure to precious metals and carbon credit prices. Its objective is to provide wealth creation by... see more

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TSXV:STRR - Post Discussion

Star Royalties Ltd > « Sabre Gold Mines Corp. (TSX: SGLD) (OTCQB: SGLDF) has

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Post by GoldenPolarBear on Aug 15, 2024 9:32pm

« Sabre Gold Mines Corp. (TSX: SGLD) (OTCQB: SGLDF) has

"...Sabre Gold Mines Corp. (TSX: SGLD) (OTCQB: SGLDF) has announced that it expects to be impacted by the receivership of Victoria Gold Corp. In September 2023, Sabre Gold sold its subsidiary Golden Predator Mining Corp., which held the Brewery Creek property and other mineral assets, to Victoria for $13.5 million. While $8.5 million was paid in cash at closing, the remaining $5 million was to be paid in installments on September 14, 2024, and September 14, 2025.

Due to Victoria's receivership, Sabre Gold does not expect to receive the $3 million payment due on September 14, 2024. The company is uncertain about receiving any future payments from Victoria. Sabre Gold plans to pursue legal remedies to recover the remaining payments, which are unsecured obligations of Victoria.

Star Royalties is heavily invested in Sabre Gold Mines...What a mess!