Gold

Rio Novo Gold Inc. (TSE:RN) announced it entered into an option agreement to acquire additional land adjacent to its Almas Gold project.

Rio Novo Gold Inc. (TSX:RN) announced it entered into an option agreement to acquire additional land adjacent to its Almas Gold project.

The press release is quoted as saying:

Under the terms of the Agreement, Rio Novo has agreed to pay US$200,000 on execution of the Agreement and US$200,000 per annum up to five years until commencement of eventual production, which will be subject to a 2.5% Net Smelter Return with Rio Novo retaining a right of first refusal in eventual sale of the NSR.

To read the full press release, click here.

Featured

MARKETS

Markets
TSX20274.54+76.93
TSXV699.25-2.84
DOW31626.26-253.98
S&P 5003909.62-64.13
NASD11216.40-318.87
ASX7148.90+3.30

COMMODITIES

Commodities
Gold1869.29+15.62
Silver22.12+0.38
Copper4.30-0.04
Palladium2009.00+24.00
Platinum960.50+7.50
Oil109.52-0.77
Heating Oil3.640.00
Natural Gas8.740.00

DOWNLOAD FREE REPORTS

×