Summit Royalties Announces Agreement to Acquire Royalty on Newmont's Saddle North Deposit

Reuters03-12 18:38

March 12 (Reuters) - Summit Royalties Ltd ::
*SUMMIT ROYALTIES ANNOUNCES AGREEMENT TO ACQUIRE ROYALTY ON NEWMONT'S SADDLE NORTH DEPOSIT
*SUMMIT ROYALTIES LTD - TO BUY 1.0% NSR ROYALTY ON SADDLE NORTH FROM NEWMONT FOR C$5 MILLION IN SHARES
*SUMMIT ROYALTIES LTD - CONSIDERATION IS 2.8 MILLION SUMMIT SHARES AT $1.765 PER SHARE
*SUMMIT ROYALTIES LTD - NEWMONT MAY REPURCHASE 50% OF NSR ROYALTY FOR C$750,000 WITHIN FIVE YEARS OF COMMERCIAL PRODUCTION

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 12-MAR-202610:15:00.127 GMT

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