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Cariboo Gold Project (Au)

2.25% net smelter return (NSR) royalty

  • Metal: Gold (Au)
  • Operator: Barkerville Gold Mines
  • Location: Barkerville, British-Columbia
  • Status: Exploration

Details:

  • Private placement of 32 million flow-through common shares of Barkerville at a price of C$0.32 per share, for total proceeds to Barkerville of C$10,240,000.
  • Acquisition of a 1.5% net smelter return (“NSR”) royalty on the Cariboo Gold Project for a cash consideration of C$25 million and an additional 0.75% NSR royalty subsequently for C$12.5 million
  • 2016 exploration budget of 15 millions $