Brief: Millrock purchases Batamote Copper Project, Sonora, Mexico
26/11/2015 17:30
Nov 26 (Reuters) - Millrock Resources Inc MRO.V : * Purchases Batamote Copper Project, Sonora, Mexico * Says Millrock will issue to Teck, upon approval by the tsx venture exchange, 109,890 Millrock shares * Says minera Teck will retain a 0.5% nsr royalty as consideration for a 100% interest in the property * In event that Millrock sells property to third party in next year, minera Teck will be entitled to 30% of the sale proceeds * Source text for Eikon urn:newsml:reuters.com:*:nCCN9wh4rl * Further company coverage MRO.V ((Bengaluru Newsroom; +1 646 223 8780))
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