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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Read More on MGDPF:
- Marathon Gold Upsized, Amended and Restated US$225M Credit Facility for the Valentine Gold Project
- Marathon Gold Exercises Buy Back Option on Valentine Royalty
- Marathon Gold price target lowered to C$1.50 from C$2 at National Bank
- Marathon Gold reports additional infill drill results at Berry Deposit
- Marathon Gold Reports Additional Positive Infill Drill Results at Berry Deposit, Valentine Gold Project
