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Redhawk Resources, Inc. (CVE:RDK) receives notice from the Trustee for AMT (USA) Inc. that court approval has been obtained for the purchase by the Company of the 2.25% net smelter royalty held by AMT.
Redhawk Resources, Inc. (TSXV:RDK) receives notice from the Trustee for AMT (USA) Inc. that court approval has been obtained for the purchase by the Company of the 2.25% net smelter royalty held by AMT.
The press release is quoted as saying:
The agreement requires a payment of $350,000 which has been made and a further $950,000 in quarterly payments over an eighteen month period. The agreement also calls for a further $500,000 payment should the Company enter into a major transaction during the two year period after closing.
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