Great result for the shareholders in my opinion.
Well done CCU managment!
Cobar Consolidated Resources Limited (ASX:CCU) announced today that it had agreed to buy back the royalty payable to CBH Resources Ltd under the Wonawinta Joint Venture Agreement for $1.7 million.
Under the terms of the Joint Venture Agreement, as a result of Cobar?s expenditure, CBH?s interest had been diluted to a royalty. Concurrent with royalty buy-back the Company has executed a deed to transfer CBH?s remaining interest in the joint venture tenements and terminate the joint venture.
- Forums
- ASX - By Stock
- CCU
- royalty buy-back
royalty buy-back
-
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)