• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • 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
    Gold Market
    Gold News
    Gold Stocks
    • Gold Market
    • Gold News
    • Gold Stocks

    Second Royalty Transaction on the Spring Valley Gold Deposit, Nevada

    Investing News Network
    Mar. 09, 2012 01:43PM PST
    Gold Investing

    Terraco Gold Corp. (TSXV:TEN), thru its wholly-owned Nevada subsidiary, TGC Holdings Ltd., acquired a portion of a pre-existing net smelter returns royalty and will have the option to acquire an additional NSR interest on private fee land covering part of the Spring Valley Gold Project in Pershing County, Nevada.

    Terraco Gold Corp. (TSXV:TEN), thru its wholly-owned Nevada subsidiary, TGC Holdings Ltd., acquired a portion of a pre-existing net smelter returns royalty and will have the option to acquire an additional NSR interest on private fee land covering part of the Spring Valley Gold Project in Pershing County, Nevada. The Spring Valley Project is a joint venture between Barrick Gold Corp. and Midway Gold Corp.

    As quoted in the press release:

    Transaction Terms:
    Under the terms of the Transaction between Terraco, the current royalty owner (the “Royalty Vendor”) and a third party investor (the “Strategic Investor”):

    • Terraco will acquire from the Royalty Vendor a 0.5% NSR on the Fee Land in consideration for 2,500,000 common shares of the Company;
    • The Strategic Investor will acquire from the Royalty Vendor a 1.5% NSR on the Fee Land (the “Purchased NSR Interest”) for US$2,368,421.00; and
    • Terraco will be granted an option to acquire, for US$983,211.00, 0.5% of the Purchased NSR Interest from the Strategic Investor for a period of 5 years from closing of the Transaction or within 1 year of a change of control of Terraco.

    Click here to read the Terraco Gold Corp. (TSXV:TEN) press release


    Click here to see the Terraco Gold Corp. (TSXV:TEN) profile.

    terraco goldjoint venturetsxv:ten
    The Conversation (0)

    Go Deeper

    AI Powered

    Grizzly Provides Update on Greenwood Gold Project and Prepares to Drill New Targets With Anomalous Gold-In-Soils

    TSXV:CSL

    Comstock Advances Preview SW Gold Project Drilling 23.6 m Averaging 3.60 g/t Gold

    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
    ×