McChip Announces Actual Potash Royalties Have Begun

- December 22nd, 2011

McChip Resources Inc. (TSXV:MCS) announced that actual potash production royalties have commenced.

McChip Resources Inc. (TSXV:MCS) announced that actual potash production royalties have commenced.

As quoted in the press release:

During the month of November actual royalties were $18,351.78, earned at a rate equivalent to the royalty rate payable to the Crown calculated on Potash Ore from time to time pursuant to the provision of the regulations provided under The Crown Minerals Act of the Province of Saskatchewan.

Click here for the McChip Resources Inc. (TSXV:MCS) press release.

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