Analyst Research

Report Title Price
Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData
Provider: GlobalData

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Renaissance Gold Inc Signs Letter of Intent to Sell AuEx Argentina to Atala Resources for Cash, Stock and Royalties

Tuesday, 29 Oct 2013 07:15am EDT 

Renaissance Gold Inc announced that Atala Resources Corporation has signed a letter of intent to purchase AuEx Argentina S.A, a wholly owned subsidiary of RenGold in exchange for cash, stock and a net smelter royalty. On signing the definitive agreement Atala will issue RenGold 500,000 common shares and will pay C$20,000 cash. On completion of Atala raising C$1 million, RenGold will receive an additional C$30,000. With raising another C$1 million RenGold will receive another C$50,000. RenGold will retain a NSR on all properties of 4% minus any underlying NSR not to be less than 1% nor greater than 3%. The purchase of AuEx will include the Covadonga and El Meridiano properties currently subject to an earn-in agreement between Atala and RenGold. 

Company Quote

0.01 +3.08%
21 Nov 2014