Matamec Announces Agreement for the Sale of its Royalties in the Timmins Gold Camp

Matamec Explorations Inc. (“Matamec” or the “Company”) (TSXV:MAT)(OTCQB:MHREF) is pleased to announce that it has entered into a binding sale and purchase agreement with Metalla Royalty & Streaming Ltd. (“Metalla”) for the sale of its royalties on the Hoyle-Matheson Royalties (HMR) Property and the Montclerg Property. Both properties are located in the world-class Timmins Gold Camp, an area that has produced more than 70 million ounces of gold from large deposits.
As quoted in the press release:

The proceeds from the sale of these royalties will enhance Matamec’s value for its shareholders,” said André Gauthier, Matamec’s President and CEO. “At the same time, it allows us to focus our efforts on exploration – for gold at Matamec’s other gold properties, as well as for energy and technology-related metals at properties held in its Energy portfolio.”

Click here for the full text release