Brief: Royal Gold Inc Says Entered Into Agreement To Sell Ownership Interest In Peak Gold Project In Tok Alaska & Common Share Position In Contango Ore

Contango Silver & Gold

30/09/2020 14:13

Sept 30 (Reuters) - Contango ORE Inc  CTGO.PK :
    * ROYAL GOLD INC - ENTERED INTO AGREEMENT TO SELL OWNERSHIP
INTEREST IN PEAK GOLD PROJECT IN TOK, ALASKA & COMMON SHARE
POSITION IN CONTANGO ORE
    * ROYAL GOLD INC - DEAL FOR TOTAL CASH CONSIDERATION OF
$61.3
MILLION AND INCREASED ROYALTY INTERESTS
    * ROYAL GOLD INC - AFTER COMPLETION OF TRANSACTIONS PEAK
GOLD
PROJECT WILL BE OWNED 70% BY KINROSS AND 30% BY CONTANGO, WITH
KINROSS AS PROJECT OPERATOR

Source text for Eikon:  ID:nBw37Lm09a 
Further company coverage:  CTGO.PK 

 ((Reuters.Briefs@thomsonreuters.com;))