Karora Resources (KRR) - Reduced Gold Royalty Frees Up Beta Hunt

Matthew Gordon,
Ptolemy Capital

20:19
7 Months ago

Interview with Paul Huet, CEO of gold producer Karora Resources (TSX: KRR) Finally the news Karora investors have been waiting for, a renegotiated royalty package with Maverix Royalty. Maverix has agreed to reduce the royalty on Beta Hunt gold production from 7.5% to 4.75% from July 1, 2020. Karora will pay US$5M and issue 35.1M shares at C$0.506 to Maverix. The US$5M will be paid in two equal installments of US$2.5M million, one on closing and the second payment in January 2021.

#Karora Resources #Gold #Nickel #TSX #Paul Huet

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