Euro, Goldhurst deal

Euro-Nevada will subscribe for 500,000 Goldhurst treasury shares at 25 cents per share. In return, Goldhurst will grant Euro-Nevada the right to buy half of its Mouska royalty for $200,000 and $500,000 on or before Dec 1, 1991. Goldhurst holds a 2% gross royalty on gold production and a 2% net smelter return on base metals recovered. Euro-Nevada will also hold a first right of refusal on Goldhurst’s remaining interest in the royalty.

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