Royal Nickel inks royalty deal with Red Kite
May 10, 2013 | 04:27 PM
| Daniel Fitzgerald
NEW YORK Royal Nickel Corp. has signed a royalty purchase agreement with RK Mine Finance in which RK will acquire a 1-percent net smelter return royalty in the Dumont nickel project in Quebec for $15 million.
The deal with RK Mine Finance, a division of hedge fund Red Kite Group, was expected to close May 10, Royal Nickel said.....
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