Kostolanys Erbe
RohstoffExperte
Ort:
Im schönsten Bundesland zwischen Nord- und Ostsee.
Beiträge:
11.124
Trades:
4
Westhaven to sell NSR to Franco-Nevada for $6M (U.S.)
2022-09-14 09:24 ET - News Release
Also News Release (C-FNV) Franco-Nevada Corp
Mr. Shaun Pollard of Westhaven reports
WESTHAVEN ARRANGES FINANCING PACKAGE WITH FRANCO-NEVADA CORPORATION
Westhaven Gold Corp. has entered into a financing arrangement with Franco-Nevada Corp.
Westhaven has agreed to sell a 2% net smelter return royalty (the "NSR") to Franco-Nevada for US$6,000,000 (the "NSR Transaction"). The NSR applies to all of Westhaven's claims across the Spences Bridge Gold Belt (the "SBGB") in Southwestern British Columbia, Canada. Westhaven has an option to buy-down 0.5% of the NSR for US$3,000,000 for a period of 5 years from the closing of the transaction. Westhaven has also agreed to sell to Franco-Nevada for US$750,000 the Talisker Resources Ltd. net smelter return royalty (the "Talisker Royalty") originally granted to Westhaven by Sable Resources Ltd. and referenced in Westhaven's news release dated October 16th, 2018 (the "Talisker Royalty Transaction"). Link to news release: Westhaven news release October 16th, 2018.
In addition, Franco-Nevada has agreed to subscribe for 2,500,000 shares of the Company at a price of CAD$0.40 for gross proceeds of CAD$1,000,000 (the "Private Placement").
Gareth Thomas, President & CEO, comments: "We are very pleased to welcome Franco-Nevada as a shareholder and stakeholder in Westhaven and the Spences Bridge Gold Belt. Franco-Nevada's investment is a major endorsement of Westhaven's properties in Southwestern British Columbia. Westhaven's exploration activities across its projects are now fully financed until 2024."
.....
https://www.stockwatch.com/News/Item/Z-C!WHN-3305218/C/WHN
2022-09-14 09:24 ET - News Release
Also News Release (C-FNV) Franco-Nevada Corp
Mr. Shaun Pollard of Westhaven reports
WESTHAVEN ARRANGES FINANCING PACKAGE WITH FRANCO-NEVADA CORPORATION
Westhaven Gold Corp. has entered into a financing arrangement with Franco-Nevada Corp.
Westhaven has agreed to sell a 2% net smelter return royalty (the "NSR") to Franco-Nevada for US$6,000,000 (the "NSR Transaction"). The NSR applies to all of Westhaven's claims across the Spences Bridge Gold Belt (the "SBGB") in Southwestern British Columbia, Canada. Westhaven has an option to buy-down 0.5% of the NSR for US$3,000,000 for a period of 5 years from the closing of the transaction. Westhaven has also agreed to sell to Franco-Nevada for US$750,000 the Talisker Resources Ltd. net smelter return royalty (the "Talisker Royalty") originally granted to Westhaven by Sable Resources Ltd. and referenced in Westhaven's news release dated October 16th, 2018 (the "Talisker Royalty Transaction"). Link to news release: Westhaven news release October 16th, 2018.
In addition, Franco-Nevada has agreed to subscribe for 2,500,000 shares of the Company at a price of CAD$0.40 for gross proceeds of CAD$1,000,000 (the "Private Placement").
Gareth Thomas, President & CEO, comments: "We are very pleased to welcome Franco-Nevada as a shareholder and stakeholder in Westhaven and the Spences Bridge Gold Belt. Franco-Nevada's investment is a major endorsement of Westhaven's properties in Southwestern British Columbia. Westhaven's exploration activities across its projects are now fully financed until 2024."
.....
https://www.stockwatch.com/News/Item/Z-C!WHN-3305218/C/WHN