Skip to main content

Calibre completes acquisition of remaining interest from IAMGOLD

Published by , Editor
Global Mining Review,


Calibre Mining Corp. has recently announced the closing of the transaction with IAMGOLD Corp. pursuant to which Calibre has acquired IAMGOLD’s 70% interest in the Eastern Borosi Gold-Silver Property located in northeastern Nicaragua.

Consideration for IAMGOLD’s 70% interest in the EBP is payable in the form of:

  1. 2 253 961 common shares of Calibre (US$3 million).
  2. US$1 million in cash payable on or before 11 August 2021.
  3. A 2.0% Net Smelter Return royalty (the NSR Royalty) on future production from the property (Calibre has the right to purchase 1.0% of the NSR Royalty for US$2 million and has a right of first refusal on the remaining 1.0% NSR Royalty).

Read the article online at: https://www.globalminingreview.com/mining/21082020/calibre-completes-acquisition-of-remaining-interest-from-iamgold/

You might also like

EMI

Electrification in Mining virtual conference

Join us on 16 April 2024 for Global Mining Review's first Electrification in Mining event is an interactive virtual conference, focusing on electrification as the future of sustainable mining and exploring the innovative approaches and technologies being developed to facilitate its implementation.

Register for FREE »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Gold mining news Silver mining news