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Tintina announces royalties repurchase agreement, Canadian Business Journal

Toronto, March 28, 2022 (GLOBE NEWSWIRE) — Tintina Mines Limited (“”Tintina” or “society”) (TSX VENTURE: TTS) signed a royalty repurchase agreement effective March 17, 2022, and on March 25, 2022, the Canadian Malartic GP (“).CMGP”), Ontario’s partnership, CMGP will exercise buyout options to repurchase our 2% net smelter earnings royalties on Land assets (“Buyout option”) Total purchase price $ 7,000,000 (USD). The exercise of the buyout option by CMGP is also subject to the terms of the existing online smelter royalty agreement between us and CMGP (“Royalty contract“).

Loyalty agreements have been assigned to the company by NSR Resources Inc. (“NSR”) April 7, 2020. NSR has become a wholly owned subsidiary of the three-corner merger transaction completed on November 28, 2019, and has applied for the abolition of report issuers in Quebec, Alberta, British Columbia and Ontario (“Jurisdiction report”) And as of January 6, 2020, NSR is no longer the report issuer of the reporting jurisdiction.

For more information, please contact CFO Jing Peng ((416) 848-9888 or jpeng@marrellisupport.ca).

Neither the TSX Venture Exchange nor its regulatory service provider (the term is defined in the TSX Venture Exchange Policy) is responsible for the validity or accuracy of this release.

Description of future prospects
This press release contains forward-looking statements. Forward-looking statements include known and unknown risks, uncertainties, and assumptions, so actual results and future events may differ materially from those expressed or implied in such statements. There is a possibility. Therefore, be careful not to overly rely on forward-looking statements. All statements other than current or past facts statements are forward-looking statements, including, but not limited to, statements regarding the completion of the exercise of the buyout option. Forward-looking statements include words or expressions such as “suggestions,” “plans,” “targets,” “near future,” “at an event,” “plans,” “expectations,” and “preparations.” .. Or an expression. If we express or imply expectations or beliefs about future events or consequences, such expectations or beliefs are based on assumptions made in good faith and are believed to be reasonably grounded. Such assumptions include, but are not limited to, existing relationships and contracts between us and CMGP that continue under the same or similar terms or at all. Also, if necessary, all terms and conditions contained in the repurchase agreement and royalty agreement are met. General business, economic, competition, political and social uncertainties are factors that can cause future results or events to differ materially from current expectations expressed or implied by forward-looking statements. included. Capital market conditions; (i) whether all conditions contained in repo transactions and repurchase agreements that allow the exercise of buyout options are completed, (ii) delays or defaults in board, regulatory, or court approval. , If applicable, or other conditions prior to the completion of the transaction, (iii) failure to realize the expected profit of the transaction, (iv) other unexpected events, developments, or the aforementioned expectations, assumptions, and other Factors that cause either Ultimately inaccurate or irrelevant factors. (V) and risks associated with an ongoing COVID-19 pandemic. More information on these and other risks can be found in the Canadian securities regulatory filings available at www.sedar.com. We undertake no obligation to update or revise any of these forward-looking statements, except as required by applicable law.


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Tintina announces royalties repurchase agreement, Canadian Business Journal

Source link Tintina announces royalties repurchase agreement, Canadian Business Journal

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