Nexgold Mining Corp (NXGCF)

[Consequent]

Yesterday NexGold Mining Corp. (NEXG.v NXGCF) announced they’ve entered into a royalty agreement with an affiliate of Appian Capital Advisory Ltd. in relation to the Goldboro Gold Project.

- US$24 million upfront payment in cash
- 2.9% of net smelter returns revenue of all minerals produced on the Goldboro Gold Project up until a threshold of 1.25mm oz of gold or gold equivalent is achieved, after which time the Royalty is only payable on gold

https://nexgold.com/nexgold-announces-us24-million-royalty-and-non-binding-loi-for-up-to-us175-million-in-project-financing-for-the-advancement-of-the-goldboro-gold-project/

*Posted on behalf of NexGold Mining Corp.