The Conversation (0)
Pasinex Resources Amends Agreement with Eurasia Minerals on Royalty Agreement for Golcuk Cu Property, Turkey
Dec. 06, 2016 07:45AM PST
Base Metals Investing
TORONTO, ONTARIO–(Marketwired – Dec. 6, 2016) – Pasinex Resources Limited (CSE:PSE,FSE:PNX) today announced that it has agreed with Eurasian Minerals Inc. and their Turkish subsidiary Eurasia Madencilik Ltd Sti to amend their royalty agreement for the Golcuk Cu property in Sivas province, Turkey (called the “Transfer and Royalty Agreement”). This amendment covers two items which are:
TORONTO, ONTARIO–(Marketwired – Dec. 6, 2016) – Pasinex Resources Limited (CSE:PSE,FSE:PNX) today announced that it has agreed with Eurasian Minerals Inc. and their Turkish subsidiary Eurasia Madencilik Ltd Sti to amend their royalty agreement for the Golcuk Cu property in Sivas province, Turkey (called the “Transfer and Royalty Agreement”). This amendment covers two items which are:
| (a) | To provide that the Company pays their first minimum advance royalty payment to Eurasian in 664,483 common shares of the Company to be issued immediately and, |
| (b) | To extend the completion date for the fourth anniversary of work obligations on the Golcuk property to June 30, 2017 subject to exploration work beginning on the property prior to 31st December 2016. |
About Golcuk
Pasinex’s Golcuk Copper Project occupies a 40 square kilometre mineral claim in the Sivas Province of central north-east Turkey, a region characterized by later Palaeozoic-intrusives and porphyry-associated mineralization.
Read full press release.
Click here to connect with Pasinex Resources Limited (CSE:PSE) to receive an Investor Presentation.