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- by manilatimes.net
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Mirasol Signs Agreement for the Sale of the Nord Projects in Chile for US$2.5 Million Plus Royalty
Eco Earth to acquire the Nord East and Nord West Projects for a total combined consideration of ~US$2.5 million over 4 years of scheduled paymentsMirasol will retain a 2% NSR royalty on Nord East, Eco Earth will have the right to purchase the first 1% for US$3.0 million, and the remaining 1% for an additional US$6.0 millionMirasol will retain a 1% NSR royalty on Nord West, Eco Earth will have the right to purchase back for US$1.0 million