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BRIEF-RNC Eliminates NSR Royalties At Higginsville Gold Operations

Published 2020-05-11, 03:38 p/m
© Reuters.
KRR
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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

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