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| Home : Metallum Resources Inc. Announces Disposition of Remaining 50% of Chester Royalty for USD$1.8 Million and Private Placement of USD$250,000 |
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Jul 27
2012 |
Metallum Resources Inc. Announces Disposition of Remaining 50% of Chester Royalty for USD$1.8 Million and Private Placement of USD$250,000 |
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TORONTO, ONTARIO--(Marketwire - July 27, 2012) - Metallum Resources Inc. (TSX VENTURE:MRV) ("Metallum" or the "Company") announces that Trelawney Mining and Exploration Inc. ("Trelawney"), a wholly-owned subsidiary of IAMGOLD Corporation ("IAMGOLD"), has agreed to purchase the remaining 0.5% of the Net Smelter Return ("NSR") production royalty from Metallum's former 'Chester Gold Property', (which Metallum sold to Trelawney on November 27, 2009) in Chester Township, Ontario, Canada for USD$1,800,000 (the "Transaction"). |
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| Source:http://www.marketwire.com/mw/release.do?id=1684653&sourceType=3 |
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