Gold

Eurasian Minerals Inc. (TSXV:EMX,NYSEMKT:EMXX) announced that it’s executed a purchase agreement for NSR royalty interests on the Nevada-based Maggie Creek and Afgan gold properties.

Eurasian Minerals Inc. (TSXV:EMX,NYSEMKT:EMXX) announced that it’s executed a purchase agreement for NSR royalty interests on the Nevada-based Maggie Creek and Afgan gold properties. The royalties it plans to purchase belong to Golden Predator US Holding Corp., a subsidiary of Till Capital Ltd. (TSXV:TIL).
As quoted in the press release:

Golden Predator owns a 2% NSR royalty on all precious metals and a 1% NSR royalty on all other minerals for the Maggie Creek property, which is located north-northeast of Newmont Mining Corporation’s (“Newmont”) Gold Quarry open pit operations on the Carlin Trend, and a 1% NSR royalty on all minerals for the Afgan property, which occurs on the Battle Mountain-Eureka Trend. The addition of these two royalty assets will strengthen EMX’s growing Nevada gold portfolio that includes the Leeville royalty property on the Northern Carlin Trend, as well as the Maggie Creek South royalty property located south-southeast of Gold Quarry.

Commercial terms of the agreement include:

  • Purchase by EMX of Golden Predator’s NSR royalties covering the Maggie Creek (2% NSR on precious metals and 1% NSR royalty on all other minerals) and Afgan (1% NSR royalty) properties;
  • Issuance by EMX of 250,000 EMX shares to TCL as consideration for the purchase; and
  • Approval by the TSX Venture and NYSE MKT exchanges as a condition precedent to closing the transaction.

Click here to read the full Eurasian Minerals Inc. (TSXV:EMX,NYSEMKT:EMXX) press release.

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