Brief: Ascot executes definitive agreement to acquire Premier

Cambria Gold Mines

31/07/2017 22:26

July 31 (Reuters) - Ascot Resources Ltd  AOT.V : 
    * Ascot executes definitive agreement to acquire premier 
    * Ascot Resources Ltd - pursuant to terms of agreement, 
Ascot must pay to boliden a total purchase price of CDN$4.8 
million 
    * Ascot Resources-entered deal with Boliden Ltd,co will buy 
mineral rights,land,permits,other assets held by boliden in 
connection with premier gold mine 
    * Ascot Resources - co has agreed to pay to boliden a net 
smelter royalty of 5 pct on any future mine production at 
premier property 
    * Ascot Resources - smelter royalty on premier property may 
be purchased by Ascot for sum of CDN$9.6 million 
 
Source text for Eikon:  ID:nCCN5fQJta  
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