Val-d'Or Mining Announces Option Transaction on the Powell Property in Matachewan, Ontario [Yahoo! Finance]
Eldorado Gold Corporation Ordinary Shares (EGO)
Last eldorado gold corporation ordinary shares earnings: 4/30 05:09 pm
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Source: Yahoo! Finance
a mining option agreement with three arms' length prospectors, Jacques Robert, David Lefort and Andrew McLellan (collectively, the "Optionors"), dated August 2, 2024 (the "Effective Date") and as amended on October 28, 2024 (together, the "Option Agreement"), pursuant to which it has been granted an option (the "Option") to acquire a 100% interest in the 32 mineral claims comprising the Powell property, located in Matachewan, Ontario (the "Powell Property"), as described below. The Company subsequently assigned all of its rights and obligations under the Option Agreement to Eldorado Gold (Québec) Inc. ("Eldorado") pursuant to an assignment and assumption agreement with Eldorado dated November 4, 2024 (the "Assignment Agreement"). In the event Eldorado exercises the Option and acquires a 100% interest in the Powell Property pursuant to the terms of the Option Agreement, Eldorado shall be deemed to thereupon grant to the Company a royalty (the "VZZ NSR") of 1.5% of the net smelter retur
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