Gauthier

Monarch Gold Increases the Size of McKenzie Break by Acquiring 124 New Mineral Claims

Retrieved on: 
Thursday, February 27, 2020
Expense, Intellectual property law, Patent law, Royalty payment, Net smelter return, Gauthier

1Source: GM 65236 RAPPORT DE LA CAMPAGNE DE FORAGE 2009-2010, PROJET MCKENZIE BREAK, 2010, GAUTHIER, E. 239 pages.

Key Points: 
  • 1Source: GM 65236 RAPPORT DE LA CAMPAGNE DE FORAGE 2009-2010, PROJET MCKENZIE BREAK, 2010, GAUTHIER, E. 239 pages.
  • 3 GM 64138 FORAGES 2007-2008, PROPRIT MCKENZIE BREAK, 2009, LAROUCHE, C, GAUTHIER, E. 299 pages.
  • Monarch has also undertaken to pay a 2% net smelter return royalty to the Vendors in the event of commercial production from any or all of the mineral claims of the Property.
  • Monarch can redeem half the royalty (1%) at any time, without prior notice, by paying a lump sum of $1million.