AVB 0.00% 16.5¢ avanco resources limited

director buying 2m shares on market ..., page-38

  1. 5,583 Posts.
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    Oscarone,

    perhaps I misunderstood the Xstrata deal:

    AVB to give Xstrata:

    Shares totalling 15% of AVB.
    $120 million over the course of a year upon commercial production.
    1-2% royalty on NSR.
    A seat on the board.

    Xstrata to give AVB:

    100% of Pedra Branca Project
    A few exploration licenses in adjoining land.





 
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