Ximen Mining options royalty agreement on Kenville gold mine

Ximen Mining has entered into a royalty option agreement with Gungnir Resources pursuant to which the company has acquired an option to buy all of Gungnir’s remaining interest in its 4% gross metal royalty over the Kenville gold mine property, in British Columbia, for $1.7-million.

To exercise the option, Ximen, in accordance with the terms and conditions of the agreement, will pay Gungnir $500 000 in cash on the transaction’s approval by the TSX-V.

Ten days after the TSX-V approval, Gungnir will receive $200 000 in Ximen shares.

A further $1-million in cash will be paid to Gungnir on or before October 31.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.

Part of the Stock Digest family of websites

Small Cap Stock Digest

MARKET SUMMARY

INDICES

Name Last Change
DOW 25585.70 0.75%
S&P 500 2826.06 0.14%
NASDAQ 7637.01 0.11%
TSX 16230.04 0.40%
TSX-V 607.68 0.00%

Resource Commodities

Name Last Change
Gold 1292.80 0.84%
Silver 14.57 0.21%
Copper 2.70 2.700
Platinum 901.00 0.67%
Oil 58.63 1.23%
Natural Gas 2.60 0.77%
Uranium 24.25 1.34%
Zinc 1.20 0

@RSDigest ON TWITTER