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Royal Road and MSB Holdings Enter into Joint Venture Shareholders Agreement for Mineral Exploration

Retrieved on: 
Thursday, June 1, 2023
Agreement, Letter, Vision 2030, TSX Venture Exchange, Failure, Resolution, Royal Road, Strategic alliance, Letter of intent, Sustainability Accounting Standards Board, Disclosure, KSA, USD, Government, JVC, Royal Roads Military College, Gold, Party, Mining, Copper, MSB, Gulf Cooperation Council, Press release, News, Cryptocurrency, Security (finance), NewCo, Kingdom

In February of this year, Royal Road and MSB entered into a Strategic Alliance Agreement and Non-Binding Letter of Intent with respect to copper, gold and other metals exploration in the Kingdom of Saudi Arabia (see Press Release February 9, 2023).

Key Points: 
  • In February of this year, Royal Road and MSB entered into a Strategic Alliance Agreement and Non-Binding Letter of Intent with respect to copper, gold and other metals exploration in the Kingdom of Saudi Arabia (see Press Release February 9, 2023).
  • The Strategic Alliance Agreement has led to the development of an exploration decision-support-system, the generation of priority target areas and an initial 12-month work program and budget for exploration operations in KSA.
  • Summary terms of the Agreement, subject to regulatory approval, are as follows:
    Whilst each Party holds 50 percent of the issued shares of JVCO, the Board of JVCO shall be made up of an equal number of Directors appointed by Royal Road and MSB.
  • Forward-looking statements of the Company contained in this news release, which may prove to be incorrect, include, but are not limited to the Company's exploration plans.

Royal Road Announces Option Grant

Retrieved on: 
Wednesday, April 6, 2022
TSX Venture Exchange, Quality control, Company, Exercise, Consultant, News, Quality, Forward-looking statement, Disclosure, Audit

Toronto, Ontario--(Newsfile Corp. - April 6, 2022) - Royal Road Minerals Limited (TSXV: RYR) (the "Company") announces that it has granted an aggregate of 4,000,000 options to purchase common shares of the Company exercisable at a price of $0.35 per common share for a period of two (2) years to directors, officers and consultants of the Company.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - April 6, 2022) - Royal Road Minerals Limited (TSXV: RYR) (the "Company") announces that it has granted an aggregate of 4,000,000 options to purchase common shares of the Company exercisable at a price of $0.35 per common share for a period of two (2) years to directors, officers and consultants of the Company.
  • The common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant.
  • The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made.
  • There is no guarantee that the anticipated benefits of the Company's business plans or operations will be achieved.