ORR orecorp limited
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July 20 (Reuters) - Orecorp Ltd (ORR) : EXERCISED OPTION TO...

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    20/07/18
    09:45
    Post #: 34468209

    July 20 (Reuters) - Orecorp Ltd (ORR) :

    • EXERCISED OPTION TO ACQUIRE ADDITIONAL 26% INTEREST IN NYANZAGA GOLD PROJECT FOR PAYMENT OF US$3 MILLION TO ACACIA MINING PLC
    • ACACIA WILL ALSO RETAIN A NET SMELTER RETURN ROYALTY, CAPPED AT US$15 MILLION
    • SIGNED AGREEMENT WITH ACACIA AND NMCL TO ALLOW CO TO MOVE TO 100 PERCENT OWNERSHIP OF NYANZAGA BY A FURTHER PAYMENT OF US$7 MILLION
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