Marathon Gold Corporation (MGDPF) reports that it has provided notice to Franco-Nevada Corporation (FNV) of its intention to exercise its option to acquire 0.5% of the 2.0% net smelter returns royalty on the Valentine Gold Project held by FNV. The closing of the exercise of the Buy Back Option is scheduled for February 22, 2023 at which time the Company shall pay to FNV consideration of $7M, thereby reducing the NSR on the Project from 2.0% to 1.5%.
Published first on TheFly
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