EMX and Gold Line Resources Expand Oijarvi Gold Project in Finland
Retrieved on:
Monday, May 10, 2021
b'Vancouver, British Columbia--(Newsfile Corp. - May 10, 2021) - EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the "Company" or "EMX") is pleased to announce the execution of an agreement with Gold Line Resources Ltd. (TSXV: GLDL) ("Gold Line") to transfer EMX\'s newly acquired exploration reservation in Finland\'s Oij\xc3\xa4rvi greenstone belt (the "Oij\xc3\xa4rvi Extension" or the "Property") to Gold Line.
Key Points:
- b'Vancouver, British Columbia--(Newsfile Corp. - May 10, 2021) - EMX Royalty Corporation (NYSE American: EMX) (TSXV: EMX) (FSE: 6E9) (the "Company" or "EMX") is pleased to announce the execution of an agreement with Gold Line Resources Ltd. (TSXV: GLDL) ("Gold Line") to transfer EMX\'s newly acquired exploration reservation in Finland\'s Oij\xc3\xa4rvi greenstone belt (the "Oij\xc3\xa4rvi Extension" or the "Property") to Gold Line.
- The Property extends along strike of the greenstone belt to the southwest and northeast of the Oij\xc3\xa4rvi Gold Project.
- This represents a low drill density in an otherwise prospective belt-scale property.\nAt closing, EMX will transfer to Gold Line its interests in the Oij\xc3\xa4rvi Extension Property.\nAt closing, Gold Line will issue to EMX approximately 1,125,000 common shares of Gold Line that will bring EMX\'s holdings in Gold Line to 9.9% of its issued and outstanding share capital.\nEMX will receive an uncapped 3% NSR royalty on the Project.
- These AAR payments may be made in gold bullion, its cash equivalent, or its value equivalent in shares of Gold Line, subject to certain conditions.\nGold Line will also reimburse EMX for its Oij\xc3\xa4rvi Extension acquisition costs.\nOij\xc3\xa4rvi Gold Project.