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Stock impact report

Chesapeake Gold Announces Agreement to Acquire Intellectual Property Rights [Yahoo! Finance]

Hycroft Mining Holding Corporation - Class A (HYMC) 
Company Research Source: Yahoo! Finance
pleased to announce that it and its wholly-owned subsidiary, Alderley Gold Corp. (together " Alderley ") have entered into an agreement with Hycroft Mining Holding Corporation and its wholly owned subsidiaries (collectively " Hycroft ") (the " Purchase Agreement "), to acquire the patents, patent applications, technology and certain other rights (collectively, " Intellectual Property Rights ") to a leaching technology which are currently held under license from Hycroft by Alderley (the " Alderley License Pursuant to the Purchase Agreement, Chesapeake has agreed to pay C$2,000,000 in cash and to issue 1,026,518 common shares of the Company for the Intellectual Property Rights. The common shares will be subject to a hold period of four months and one day. Upon closing of the Purchase Agreement: Alderley will have acquired sole and exclusive ownership and control of the Intellectual Property Rights, which includes issued patents and pending applications in several countries, worldw Show less Read more
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