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Solstice announces share issuance in respect of the Red Lake Extension project

Pursuant to the Agreement, to fully exercise the Option, the Company shall in its sole discretion: (i) make additional cash payments of $84,000 over three years; and (ii) issue an additional 300,000 Common Shares to Gravel Ridge on or before the first anniversary of the Effective Date. Upon full exercise of the Option (if any), the Project would be subject to a 1.5% net smelter royalty, of which an aggregate of 1% may be repurchased by the Company subject to the terms and conditions of the Agreement. Read More

from Financial Post https://ift.tt/3tPix58
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