The company announced today that it has entered into an agreement with GMP Securities L.P. to purchase 120,000 units of the company at a price of US$1,000 per unit, for aggregate gross proceeds of $120,000,000
Red Ore Gold today announced the appointment of Larry Hoover as President and CEO of the Company. Mr. Hoover has been a director of the Company since January 2011.
Tahoe announced today that construction activities on the power line for the Escobal project and at the project site were disrupted by a mob intent on forcing the company to cease construction.
Under the terms of the agreement, Revolver may acquire an initial 70% undivided interest in the property, over the next 3 years, by making cash payments of $1,700,000 and issuing 7.5 million shares to ValGold.
Highlights include: gold ounces mined increased by 6% compared to previous quarter and gold equivalent production sold increased by 13% compared to previous quarter.
Under the terms of the agreement, Gold Royalties has provided Franco-Nevada a participation right to acquire, at the time of purchase, a 50% asset-level ownership position in any future royalty transaction.
