Rubicon Minerals (RBY) $75M Investment on Its Phoenix Gold P
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Rubicon Minerals Corp. (RBY)
RBY reported that it has entered into a $75.0 million gold streaming agreement with a subsidiary of Royal Gold Inc.
Under the terms of the agreement:
- Royal Gold will provide RBY with a deposit of $75.0 million to be used entirely towards the construction of the Phoenix Gold Project;
- RBY agrees to deliver 6.30% of the projected annual gold production from the Project until 135,000 ounces have been delivered and 3.15% thereafter;
- Royal Gold's cash purchase price per ounce will be 25% of the spot price(1) at the time of delivery.
(1) London PM gold fixing price for one ounce of refined gold on the date of delivery.
According to RBY , the deal terms validate the quality and the upside potential of its high-grade asset. The gold stream agreement covers the Phoenix Gold Project and certain ancillary claims.
RBY is an advanced stage gold development company, focused on responsible and environmentally sustainable development of its Phoenix Gold Project in Red Lake, Ontario.
More about Rubicon Minerals Corp. (RBY) at www.rubiconminerals.com .
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Crown Equity Holdings Inc. (CRWE)
CRWE is currently developing its CRWE Network ( CRWE-PR.com ), a social networking service designed to target all the communities in the U.S. and Canada, which business model is based on selling advertising to local businesses.
CRWE-PR has included in its platform, a coupon page for added readership and businesses value, which will offer business owners’ the power of developing and publishing their own advertisement to entice potential nearby consumers within its community with offers and deals.Advertisement on a national level is presently operational with local advertisement/coupon being available later this month.
By adding coupon availability to the network, CRWE-PR is giving business owners some flexibility in instantly creating, modifying and publishing promotional deals to consumers of every kind, such as local restaurants, auto repairs, realtors, bars, movie theaters, retailers, golf courses, auto dealerships and any other variety of businesses existing within a community.
While CRWE continues its network expansion in the U.S. and Canada, any reader and/or business can immediately create a blog for themselves in a CRWE-PR selected city publication.
CRWE presently has a total of 50 cities in its network of community publications.
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
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