Eldorado Gold Corporation Exercises Option for Bruell Gold Project [Financial Post (Toronto, Ontario, Canada)]
Eldorado Gold Corporation Ordinary Shares (EGO)
Last eldorado gold corporation ordinary shares earnings: 4/30 05:09 pm
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eldoradogold.com/investors/default.aspx
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Source: Financial Post
TORONTO, April 22, 2024 (GLOBE NEWSWIRE) — Sparton Resources Inc. (SRI: TSX-V) (“Sparton”) is pleased to announce that Eldorado Gold Corporation (“Eldorado”) has, effective April 18, 2024, exercised its option to acquire from Sparton an initial 75% (seventy five percent) interest in the Bruell gold project, east of Val D'Or, Québec. Further Option Extension Article content Sparton and Eldorado have executed, effective April 18, 2024, a further amendment to the original Option Agreement to delete the twenty (20) business day further option period and replace it with a seventy-five (75) business day option period for Eldorado to implement the joint venture or decide if it wishes to acquire all of the remaining Sparton 25% interest for a combination of a $1.8 million cash payment (adjusted for CPI) and a residual 2% Net Smelter Return (“NSR”) royalty. Fifty percent (50%) of the NSR can be purchased by Eldorado for $2.5 million at any time. This extension will enable transferring o
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