Brief: RNC Eliminates NSR Royalties At Higginsville Gold Operations
11/05/2020 20:38
May 11 (Reuters) - Royal Nickel Corp RNX.TO :
* RNC ELIMINATES NSR ROYALTIES AT HIGGINSVILLE GOLD
OPERATIONS,
FURTHER UNLOCKING SIGNIFICANT PRODUCTION POTENTIAL AND LOWERING
OPERATING COSTS
* RNC MINERALS - REACHED AGREEMENT WITH MORGAN STANLEY TO
TERMINATE REMAINING NSR ROYALTY INTERESTS AT HIGGINSVILLE GOLD
OPERATIONS FOR US$9 MILLION IN CASH
* RNC MINERALS - TRANSACTION WILL ELIMINATE CURRENT 1.75%
LEGACY
NSR ROYALTY HELD BY MORGAN STANLEY ON FIRST 10,000 OUNCES OF
GOLD SOLD PER ANNUM
* RNC MINERALS - TRANSACTION WILL ELIMINATE 2% NSR ROYALTY
ON
OUNCES SOLD IN EXCESS OF 10,000 PER ANNUM
Source text for Eikon: ID:nCNWjdT3ya
Further company coverage: RNX.TO
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