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Renaissance Gold signs final agreement to sell AuEx Argentina to Atala Resources


Monday, 10 Mar 2014 07:00am EDT 

Renaissance Gold Inc:Says Atala Resources Corporation has signed final agreement to purchase AuEx Argentina S.A. a wholly owned subsidiary of Renaissance Gold.Atala will issue Renaissance 500,000 common shares and pay C$20,000 cash.On completion of Atala raising C$1 million Renaissance will receive an additional C$30,000.With raising another C$1 million Renaissance will receive another C$50,000.Renaissance will retain a NSR on all properties of 4% minus any underlying NSR not to be less than 1% nor greater than 3%. 

Company Quote

0.295
0.035 +13.46%
27 Feb 2015