Chalice Gold to issue shares for Anaconda’s Chimo interest
Mining News Pro - Australian explorer Chalice Gold Mines has agreed to an all-share deal to buy out Monarques Gold Corp.’s 30% interest in the Chimo gold project. Chalice will issue 3.0 million common shares to Monarques as well as grant a 0.5% to 1.5% net smelter royalty. Chalice may buy back 0.5% of the NSR from Monarques at any time by paying $1.0 million.
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