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KIRKLAND LAKE, ONTARIO--(Marketwired - Sept. 3, 2013) - Mistango River Resources Inc. (CNSX:MIS) ("Mistango") announced today that it has entered into a royalty purchase agreement (the "Agreement") with Premier Royalty Inc. ("Premier"), an arm's length third party, to sell Mistango's 2% net smelter return royalty (the "Royalty") on Kirkland Lake Gold Inc.'s ("Kirkland") HM Property (the "Property"), located in Kirkland Lake, Ontario. Pursuant to the Agreement, and subject to its terms and conditions, Mistango will sell the Royalty to Premier in consideration for a cash payment of $1,250,000 CDN and the issuance to Mistango of 100,000 common shares of Premier (the "Consideration Shares"), subject to applicable regulatory approval. |
