RGL riversgold limited
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May 25 (Reuters) - Riversgold Ltd (RGL) : SIGNED CASH & EARN-IN...

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    25/05/20
    08:45
    Post #: 44807623

    May 25 (Reuters) - Riversgold Ltd (RGL) :

    • SIGNED CASH & EARN-IN AGREEMENT WITH MAMBA MINERALS LLC FOR ITS GOLD EXPLORATION PORTFOLIO IN SOUTHWEST ALASKA
    • MAMBA MINERALS LLC CAN EARN 30% INTEREST THROUGH US$1 MLN CASH PAYMENTS OVER 12 MONTHS
    • FIRST EARN-IN OF US$2 MLN SPEND TO SECURE 49% OF PROJECT
    • MAMBA MINERALS LLC CAN SPEND US$5 MLN OVER 3 YEARS TO EARN UP TO 70% OF PROJECT
    • SECOND EARN-IN OF FURTHER US$3 MLN WILL TAKE MAMBA MINERALS INTEREST TO 70%
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