Royalty | Jotup

Abcourt Closes a Second Tranche of the Private Placement of Units Previously Announced, for an Additional Amount of $538,400

Retrieved on:

Thursday, October 12, 2023

ROUYN-NORANDA, Quebec, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) announces that it has completed a second tranche of the non-brokered private placement announced on August 31, 2023, for additional gross proceeds of $538,400, representing 13,460,000 units of the Corporation (“Units”) at a price of $0.04 per Unit (the "Offering").

Key Points:

Each Unit consists of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”).
Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.05 for a period of 36 months.
The Offering and the Royalty Payment remain subject to final approval of the Exchange.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

Entwistle & Cappucci LLP Files a Securities Class Action Complaint Against Emisphere Technologies, Inc.

Retrieved on:

Thursday, October 5, 2023

Entwistle & Cappucci LLP (“Entwistle & Cappucci”) today announced that its ongoing investigation has led to the filing of a class action complaint against Emisphere Technologies, Inc. (“Emisphere” or the “Company”) and certain of the Company’s officers and directors on behalf of a class (the “Class”) consisting of all persons or entities that sold shares of Emisphere common stock (OTCBB: EMIS) from November 6, 2020 through December 8, 2020, inclusive (the “Class Period”).

Key Points:

Entwistle & Cappucci LLP (“Entwistle & Cappucci”) today announced that its ongoing investigation has led to the filing of a class action complaint against Emisphere Technologies, Inc. (“Emisphere” or the “Company”) and certain of the Company’s officers and directors on behalf of a class (the “Class”) consisting of all persons or entities that sold shares of Emisphere common stock (OTCBB: EMIS) from November 6, 2020 through December 8, 2020, inclusive (the “Class Period”).
In return, Novo Nordisk agreed to make both milestone and royalty payments to Emisphere that were tied to Rybelsus’s net sales.
After ultimately agreeing on terms, Emisphere and Novo Nordisk executed a merger agreement on November 5, 2020 (the “Merger Agreement”).
The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

Alpha Copper Announces Definitive Agreement to Acquire Okeover Project

Retrieved on:

Monday, September 25, 2023

Agreement, Sales, CSE, Canadian Securities Exchange, Molybdenum, FWB, Acquisition, Copper, Royalty, ALCU, OTC, Security (finance), Real estate, Share (finance)

VANCOUVER, British Columbia, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Alpha Copper Corp. (CSE: ALCU) (OTC: ALCUF) (FWB: PP0) (“Alpha Copper” or the “Company”), a resource sector enterprise founded to create value through mineral exploration, technical development, and asset acquisition, is pleased to announce that it has entered into a definitive agreement (the “Agreement”) with Northwest Copper Corp. (the “Seller”), pursuant to which it proposes to acquire a 100% undivided legal and beneficial interest in the Okeover Copper (molybdenum) Project (the “Okeover Project”), which encompasses twelve (12) mineral claims comprising approximately 4,613 hectares located in the Province of British Columbia (the “Acquisition”).

Key Points:

VANCOUVER, British Columbia, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Alpha Copper Corp. (CSE: ALCU) (OTC: ALCUF) (FWB: PP0) (“Alpha Copper” or the “Company”), a resource sector enterprise founded to create value through mineral exploration, technical development, and asset acquisition, is pleased to announce that it has entered into a definitive agreement (the “Agreement”) with Northwest Copper Corp. (the “Seller”), pursuant to which it proposes to acquire a 100% undivided legal and beneficial interest in the Okeover Copper (molybdenum) Project (the “Okeover Project”), which encompasses twelve (12) mineral claims comprising approximately 4,613 hectares located in the Province of British Columbia (the “Acquisition”).
The Seller has granted the Company an irrevocable right of first refusal to repurchase the Shares should the Seller decide to sell them in the future.
In addition, the Company granted to the Seller a 2% net smelter returns royalty on the Okeover Project (the “Royalty”) subject to the Company’s buyback option of one-half (1%) of the Royalty for an aggregate consideration of $1,000,000.
The Shares will also be subject to a statutory hold period in accordance with applicable securities laws.

Liberty Gold Announces Closing of Royalty Transactions and US$5.7 Million Private Placement and Welcomes Wheaton Precious Metals as a Strategic Shareholder

Retrieved on:

Monday, September 18, 2023

Great Basin, Minority, MI, LGD, Person, NSR, Sale, Royalty, Gold, Offering, OTCQX, Black pine, TSX, Sokanu Interests, Personality, and Preferences Inventory, Refused, Security (finance)

Concurrently, the Company has granted an affiliate of Wheaton Precious Metals Corp. (“Wheaton”) a new 0.5% NSR (the “Royalty”) covering all claims comprising Black Pine for which the Company has received cash consideration of US$3.6 million.

Key Points:

Concurrently, the Company has granted an affiliate of Wheaton Precious Metals Corp. (“Wheaton”) a new 0.5% NSR (the “Royalty”) covering all claims comprising Black Pine for which the Company has received cash consideration of US$3.6 million.
An affiliate of Wheaton has also been granted a Right of First Refusal on any royalties, streams or pre-pays that include precious metals pertaining to Black Pine.
Under the Offering, the Company sold 22.9 million shares at C$0.34 per share for proceeds to the Company of US$5.7 million.
Wheaton subscribed to US$5 million of the Offering and existing shareholders, management and directors of the Company subscribed to US$0.7 million of the Offering.

Green Shift Closes Previously Announced Acquisition of Option to Acquire the Armstrong Lithium Project in Ontario, Canada and Provides Corporate Update

Retrieved on:

Friday, September 15, 2023

Shift, Lithium, Exercise, GCOM, Indian stock exchange, Technical report, Option, CAD, OTCQB, Community, Acquisition, Royalty, National instrument, Transaction, Rio Negro, National Instrument 43-101, Security (finance), Cryptocurrency, Project

TORONTO, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Green Shift Commodities Ltd. (TSXV: GCOM and OTCQB: GRCMF), (“Green Shift”, “GCOM” or the “Company”) is pleased to announce that it has completed the previously announced acquisition (the “Transaction”) of an existing option (the “Option”) to purchase a 100% interest in the Armstrong Lithium Project (the “Armstrong Project” or the “Project”).

Key Points:

TORONTO, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Green Shift Commodities Ltd. (TSXV: GCOM and OTCQB: GRCMF), (“Green Shift”, “GCOM” or the “Company”) is pleased to announce that it has completed the previously announced acquisition (the “Transaction”) of an existing option (the “Option”) to purchase a 100% interest in the Armstrong Lithium Project (the “Armstrong Project” or the “Project”).
Community consultations for Phase 1 exploration have been completed, and the Company has garnered positive support for the project.
The Company anticipates mobilizing its field crews upon receipt of permits in due course and will provide an update as details become available.
With the successful close of this transaction, we are excited to have commenced groundwork in the mining-friendly region of Ontario.

Liberty Gold Announces Purchase and Resale of Black Pine Royalty Interest and US$5.7 Million Private Placement Financing with Strategic Investment from Wheaton Precious Metals

Retrieved on:

Monday, September 11, 2023

The Company is also pleased to announce a non-brokered private placement raising proceeds of up to US$5.7 million, anchored by a US$5 million strategic investment by Wheaton Precious Metals Corp. (“Wheaton”).

Key Points:

The Company is also pleased to announce a non-brokered private placement raising proceeds of up to US$5.7 million, anchored by a US$5 million strategic investment by Wheaton Precious Metals Corp. (“Wheaton”).
Jason Attew, President and CEO of Liberty Gold commented, “It is a rare occasion to have an opportunity to reduce the royalty interest of a mining project, particularly one as high quality and favourably located as Black Pine.
This option further de-risks the future development of Black Pine and would result in more of the project economics being attributable to Liberty Gold’s shareholders.
The 0.5% NSR was part of the consideration paid when Liberty Gold acquired Black Pine back in 2016.

Aura Minerals Completes Feasibility Study for the Borborema Project and Increases Ownership Stake in Borborema Inc. to 100%

Retrieved on:

Wednesday, August 30, 2023

The mine production schedule delivers 22.5 Mt of ore grading 1.12 g/t gold to the mill over the LOM.

Key Points:

The mine production schedule delivers 22.5 Mt of ore grading 1.12 g/t gold to the mill over the LOM.
Low grade ore will be stockpiled during the operation and reclaimed at the end of the LOM or when required.
(“Deswik Brazil") to jointly prepare with the Aura Technical Services group a Feasibility Study on the Borborema Project.
The Feasibility Study also provides an update on the ownership status of the project, Mineral Resources (reported inclusive of Mineral Reserves), Mineral Reserves and project economics.

Endeavour Silver Closes Sale of Cozamin Royalty to Gold Royalty Corp

Retrieved on:

Wednesday, August 30, 2023

Plata, Concession, Sale, EDR, Royalty, TSX, MPA, NYSE, Music, Silver mining, Jewellery

VANCOUVER, British Columbia, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) is pleased to announce that its wholly-owned subsidiary, Minera Plata Adelante SA de CV (“MPA”) has closed the royalty sale (the “Royalty Transaction”) with Gold Royalty Corp. As previously announced on July 31, 2023, MPA agreed to sell its interest in the 1% Cozamin royalty (“Royalty”) for total consideration of US$7,500,000, payable in cash.

Key Points:

VANCOUVER, British Columbia, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Endeavour Silver Corp. (“Endeavour” or the “Company”) (NYSE: EXK; TSX: EDR) is pleased to announce that its wholly-owned subsidiary, Minera Plata Adelante SA de CV (“MPA”) has closed the royalty sale (the “Royalty Transaction”) with Gold Royalty Corp. As previously announced on July 31, 2023, MPA agreed to sell its interest in the 1% Cozamin royalty (“Royalty”) for total consideration of US$7,500,000, payable in cash.
The Royalty applies to two concessions (Calicanto and Vicochea) on Capstone’s Cozamin copper-silver mine, located 3.6 kilometres north-northwest of Zacatecas City in state of Zacatecas, Mexico.
The sale transaction includes an option granted to Gold Royalty Corp to purchase any additional royalties which may be granted on the five remaining concessions under the 2017 concession division agreement.
The Company obtained the Royalty through a concession division agreement signed in 2017 on seven wholly owned concessions which were acquired for US$445,000 The Cozamin Mine, a copper-silver mine owned and operated by Capstone Copper in Zacatecas, Mexico, is located on two of the seven Concessions.

Dundee Advances Strategic Objective to Bring Near-Term Cash-Flow Into the Company and Converts Joint Venture Interest in Borborema Project to Royalty

Retrieved on:

Wednesday, August 30, 2023

TSX, Corporation, Gold, DRL, Royalty, Dundee Corporation, Sale

Once the production threshold of 2,000,000 ounces of gold from the Borborema gold project has been reached, the Royalty will terminate in accordance with its terms.

Key Points:

Once the production threshold of 2,000,000 ounces of gold from the Borborema gold project has been reached, the Royalty will terminate in accordance with its terms.
The conversion to a royalty arrangement provides us with the opportunity to participate in upside in the Borborema project without any additional capital investment.
Additionally, it showcases our support for Aura’s team, as they work toward advancing the fully permitted Borborema gold project through feasibility into production.
We would like to thank our partner for their work on the Borborema gold project and look forward to their continued success.”

Canada Carbon Extends Surface Access Rights at Miller Property

Retrieved on:

Friday, August 25, 2023

Carbon, TSX Venture Exchange, Option, Commercial Product Assurance, Term, Royalty, The Company, Land tenure, Mining

Toronto, Ontario, Canada, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the "Company" or "Canada Carbon") (TSX-V:CCB),(FF:U7N1) is is pleased to announce that it has entered into an Amended Surface Access Agreement (the “Surface Access Agreement”) with 9007-2224 Quebec Inc. (the “Landholder”) in respect to its Miller Property located in Grenville Township in Quebec (the “Miller Property”).

Key Points:

Toronto, Ontario, Canada, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Canada Carbon Inc. (the "Company" or "Canada Carbon") (TSX-V:CCB),(FF:U7N1) is is pleased to announce that it has entered into an Amended Surface Access Agreement (the “Surface Access Agreement”) with 9007-2224 Quebec Inc. (the “Landholder”) in respect to its Miller Property located in Grenville Township in Quebec (the “Miller Property”).
The Surface Access Agreement, which supersedes the Amended Surface Access Agreement dated August 17, 2018, provides the Company with surface access for another five years commencing on August 17, 2023 (the “Term”) and allows the Company to carry out a regular graphite prospecting and exploration program including, but not limited to, conducting topographic, geological, geochemical and geophysical surveys, conducting underground or surface excavations, explorations and drillings, digging and trenching, and obtaining and testing geochemical or metallurgic samples.
The Surface Access Agreement grants the Company an exclusive and irrevocable option to acquire or lease all or part of the Miller Property from the Landholder reasonably necessary for the extraction of mineral substances (the “Option”).
If the Company exercises the Option, either by acquiring or leasing all or part of the Miller Property prior to the expiry of the Term, the Term will be extended through the period of Commercial Production.