AMERICAN FORK - Clifton Mining Company (OTCBB: CFTN) (Clifton) - "Royalty Buyout and Notice of Distribution"
Retrieved on:
Friday, March 15, 2019
AMERICAN FORK, UT, March 15, 2019 /PRNewswire/ - Royalty Buyout- Clifton Mining Company has finalized a second amended and restated agreement with Desert Hawk Gold Corp. ("Amended Agreement").
Key Points:
- AMERICAN FORK, UT, March 15, 2019 /PRNewswire/ - Royalty Buyout- Clifton Mining Company has finalized a second amended and restated agreement with Desert Hawk Gold Corp. ("Amended Agreement").
- We believe that as Desert Hawk increases production, the Desert Hawk shares will provide a far greater return than the net smelter return royalty.
- Desert Hawk Gold Corp. has also received necessary funding to increase its production capacity and enlarge and expand its mining operations.
- Notice of Distribution- American Silver, LLC, parent company to American Biotech Labs, LLC "ABL" has declared a $0.17 per share distribution, providing approximately $259,000 to Clifton Mining Company, its largest single shareholder.