- Val-d’Or Mining (VZZ) has signed a partnership with two of Gold Royalty’s subsidiaries to purchase the mineral rights and interests in several properties located in Québec and Ontario
- It will grant Gold Royalty a net smelter return royalty on each property comprising the Golden Valley Exploration Portfolio
- The company will purchase the mineral rights and interests in all joint venture agreements that Golden Valley is currently a party to
- The company will also pay a portion of any consideration consisting of cash, shares, or other securities of any entity received by the company from a third party to Gold Royalty in consideration for any interest in, or otherwise in relation to, either the Golden Valley Exploration Portfolio or the JV Exploration Portfolio
- Val-d’Or Mining focuses on precious and base metal assets in Ontario and Québec
- Val-d’Or Mining (VZZ) is up 42.86 per cent trading at $0.10
Val-d’Or Mining (VZZ) has signed a partnership with two of Gold Royalty’s subsidiaries.
The company will purchase the mineral rights and interests in several properties located in Québec and Ontario and will grant to Gold Royalty a net smelter return royalty on each property comprising the Golden Valley Exploration Portfolio.
Available in the deal are the mineral rights and interests in all joint venture agreements that Golden Valley is currently a party to, consisting of the Claw Lake, Cook Lake, and Murdoch Creek properties in Ontario, as well as the Perestroika Prospect in Québec.
The company will also pay a portion of any consideration consisting of cash, shares, or other securities of any entity received by the company from a third party to Gold Royalty in consideration for any interest in, or otherwise in relation to, either the Golden Valley Exploration Portfolio or the JV Exploration Portfolio.
The agreement also states that for as long as Gold Royalty and its affiliates hold at least 10 per cent of the outstanding common shares of the company, it will not sell, transfer, or dispose of any interest in a royalty or similar interest in any mineral property without first offering Golden Valley a right of first refusal.
The junior natural resource issuer continues to focus on acquiring and exploring its mineral property assets, most of which are situated in the Abitibi Greenstone Belt of Northeast Ontario and Northwest Québec.
Its mineral interests are broad and range from gold, copper-zinc-silver, and nickel-copper-PGE to industrial and energy minerals.
Val-d’Or Mining (VZZ) is up 42.86 per cent, trading at $0.10 at 11:15 am ET.
