Landore has executed a binding agreement with ASX-listed Green Technology Metals Ltd (GT1) for GT1 to buyback and extinguish 50% of the Company's 3% net smelter royalty interest over the Root Lake Project for C$2m in cash. This is a very positive move, Landore had previously agreed in 2016 payment of C$1,000,000 for the right to purchase 50% of the Royalty. The transaction is conditional on Green Technology Metals and Landore, finalising and executing an Extinguishment Agreement, which is expect ....
10 Oct 2022
Cenkos: Landore Resources Ltd -- C$2m Cash
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Cenkos: Landore Resources Ltd -- C$2m Cash
Landore Resources Limited (LND:LON) | 2.6 0 (-1.9%) | Mkt Cap: 3.90m
- Published:
10 Oct 2022 -
Author:
Will Dymott -
Pages:
5
Landore has executed a binding agreement with ASX-listed Green Technology Metals Ltd (GT1) for GT1 to buyback and extinguish 50% of the Company's 3% net smelter royalty interest over the Root Lake Project for C$2m in cash. This is a very positive move, Landore had previously agreed in 2016 payment of C$1,000,000 for the right to purchase 50% of the Royalty. The transaction is conditional on Green Technology Metals and Landore, finalising and executing an Extinguishment Agreement, which is expect ....