Mosaic Minerals Announces Transaction With IAMGOLD and Gaboury Project Update [Financial Post (Toronto, Ontario, Canada)]
Iamgold Corporation Ordinary Shares (IAG)
Last iamgold corporation ordinary shares earnings: 2/19 05:25 pm
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Source: Financial Post
MONTRÉAL, Sept. 21, 2021 (GLOBE NEWSWIRE) — Mosaic Minerals Corporation (CSE: MOC) (“ Mosaic ” or the “ Corporation ”) is pleased to announce that it has completed a transaction to sell mining claims to IAMGOLD Corporation (TSX : IMG, NYSE: IAG). The transaction consists of IAMGOLD acquiring 100% interest in 4 mining claims formerly part of the Opawica Property (Chibougamau mining camp) for a total aggregate purchase price of $150,000 payable to Mosaic according to the following schedule: $50,000 within 10 business days of the closing, $50,000 on or before the date that is one year following the closing date and $50,000 on or before the date that is 18 months following the closing date. Mosaic will also retain a 0.5% net smelter royalty (“NSR”) on the 4 mining claims. “We are happy to conclude this transaction with IAMGOLD, a great partner for the development of mining properties in Quebec. We are now devoting 100% of our attention to the Gaboury and 113 N properties which could
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