• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Base Metals Market
    Base Metals News
    Base Metals Stocks
    • Base Metals Market
    • Base Metals News
    • Base Metals Stocks

    Regal Resources Extends Deadline for Sale of 20% Interest in Patagonia/Sunnyside Project

    Pia Rivera
    Jul. 21, 2015 10:36AM PST
    Base Metals Investing
    Company News

    Regal Resources (CNSX:RGR) has extended the deadline until July 31, 2015 for closing the transaction with Mansa Equity Partners, LLC for a 20% interest in the Patagonia/Sunnyside Project near Nogales, Arizona.

    Regal Resources (CNSX:RGR) has extended the deadline until July 31, 2015 for closing the transaction with Mansa Equity Partners, LLC for a 20% interest in the Patagonia/Sunnyside Project near Nogales, Arizona.
    As quoted in the press release:

    On July 11, 2015, Regal announced that it had entered into a binding investment agreement with Mansa whereby Mansa agreed to invest US$7.5 million for a 20% direct interest in the Project. Concurrent with Mansa becoming an equity investor in the Project, Regal and Mansa will enter into a shareholders’ agreement pursuant to which, among other things, Mansa’s 20% interest in the Project will be a carried interest until such time as a pre‐feasibility study on the Project is completed. Thereafter, Mansa will have anti‐dilution rights entitling it to maintain its interest in the Project. Mansa and Regal will each have the right, under certain circumstances, to cause Mansa’s 20% interest in the Project to be exchanged for common shares of Regal. If Regal intends to dispose of its equity interest in the Project to a non-affiliated third party, Regal will be entitled to exercise a right of first refusal. If Regal intends to dispose of its interest in the Project, there are piggy‐back exercisable by Mansa and drag along rights exercisable by Regal in respect of Mansa’s 20% interest.

    Click here for the full Regal Resources (CNSX:RGR) press release.
    Click here for the Regal Resources (CNSX:RGR) profile.

    regal resources
    The Conversation (0)

    Go Deeper

    AI Powered
    Gold nuggets on dark ground.

    Top 5 Junior Gold Mining Stocks on the TSXV in 2025

    Grande Portage Resources (TSXV:GPG;OTCQB:GPTRF)

    Grande Portage Provides Update Regarding Technical & Permitting Advances for the New Amalga Gold Project

    Latest News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×