Portofino Amends South of Otter, Red Lake Agreement [Yahoo! Finance]
EMX Royalty Corporation Common Shares (Canada) (EMX)
NASDAQ:AMEX Investor Relations:
emxroyalty.com
Company Research
Source: Yahoo! Finance
the " Company ") announces that it has executed an amending agreement with EMX Royalty Corp., the underlying claim owner of the South of Otter, Red Lake, Ontario gold project. The Agreement allows the Company to exercise its right to earn a 100% interest in the project by making the final cash payment of $25,000 based on 50% in shares (by Feb 05 th ) and 50% in cash (by Feb 28 th Based on the previous 30-day volume weighted average price for Portofino shares, 176,056 shares are to be issued at a value of $.071 per share. Following this final payment, the Company will own 100% interest in the South of Otter claims, subject to a 1.5% NSR. Background In November 2019, Portofino entered into an option agreement that provided the Company with the right to earn a 100% interest in the project by making cash payments totaling $70,000 and issuing 500,000 shares over four years. All payments, other than the final $25,000 have previously been completed. The South of Otter project is loca
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EMX
Sec Filings
- 4/29/24 - Form 6-K
- 4/19/24 - Form 6-K
- 4/15/24 - Form 6-K
- EMX's page on the SEC website