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Posted On: 04/29/2015 12:35:00 PM
Post# of 46527
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Posted By: StockMasterTalk
$CRGP The Agreement entitles Anglo-Asia, a private Hong Kong partnership that is focused on procuring precious and base metals for the Asian market, to 18% of the monthly production at the Jovita Mill. Anglo-Asia will make an initial payment of US$8.75 million to Amarium and on-going payments of US$0.75 per pound of copper produced. If the spot price of copper was to decline below US$2.50 per pound, Anglo-Asia's on-going payment obligations would be reduced to US$0.50 per pound of copper. Additional terms of the Agreement will be released at a later date.

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