Brief: Argonaut Gold Enters Into Agreement To Sell Ana Paula Project

Argonaut Gold

11/09/2020 18:52

Sept 11 (Reuters) - Argonaut Gold Inc  AR.TO :
    * ARGONAUT GOLD ENTERS INTO AGREEMENT TO SELL ANA PAULA
PROJECT
FOR US$30 MILLION PLUS A C$10 MILLION CONTINGENT PAYMENT; UPSIDE
TO ANA PAULA PROJECT RETAINED THROUGH 9.9% EQUITY IN ACQUIRING
COMPANY AND 1% NET SMELTER RETURNS ROYALTY
    * ARGONAUT GOLD INC -  TOTAL CONSIDERATION TO ARGONAUT
INCLUDES
US$30 MILLION ON CLOSING
    * ARGONAUT GOLD INC -  TOTAL CONSIDERATION TO ARGONAUT
INCLUDES
C$10 MILLION UPON ANNOUNCEMENT OF COMMENCEMENT OF CONSTRUCTION

Source text for Eikon:  urn:newsml:reuters.com:*:nCNWfLCnca
Further company coverage:  AR.TO 

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