Royal Nickel inks royalty deal with Red Kite

May 10, 2013 | 04:27 PM | Daniel Fitzgerald

Tags  Royal Nickel, Dumont Mine, nickel mining, Red Kite Group, RK Mine Finance, quarterly earnings, nickel, 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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