So, they were able to buy it at about a 1/3 discount to their intended purchase price. The company's current focus is on maximizing Copperstone's potential by defining and expanding current resources and further optimizing the mine's economics for purposes of the restart of gold production in 2021 as a result of the recent project funding transaction entered into with Star Royalties … The company’s current focus is on maximizing Copperstone’s potential by defining and expanding current resources and further optimizing the mine’s economics for purposes of the restart of gold production in 2021 as a result of the recent project funding transaction entered into with Star Royalties … The company's current focus is on maximizing Copperstone's potential by defining and expanding current resources and further optimizing the mine's economics for purposes of the restart of gold production in 2021 as a result of the recent project funding transaction entered into with Star Royalties … [ November 12, 2020 ] Kerr Mines and Star Royalties Announce US$18 Million Project Financing for Restart of the Copperstone Gold Mine Gold News [ November 12, 2020 ] Precious metal prices in Azerbaijan down Silver News [ November 12, 2020 ] Eclipse Metals : Activity and Cashflow Report for September 2020 Quarter Palladium News An additional $6,000,000 will be recorded upon the final tranche payment. Star Royalties will purchase from Kerr an amount of refined gold equal to 9.9% of gold produced at Copperstone until a cumulative 21,000 ounces of … The Company focuses on bespoke financing solutions, including the repurchase and restructuring of existing royalties and streams. Giulio T. Bonifacio, Chief Executive Officer of Kerr, stated: “This Streaming Agreement … The company’s current focus is on maximizing Copperstone’s potential by defining and expanding current resources and further optimizing the mine’s economics for purposes of the restart of gold production in Q4-2021 as a result of the recent project funding transaction entered into with Star Royalties … Kerr Mines and Star Royalties Ltd. have closed on the first installment of $18 million gold purchase and sale agreement (streaming agreement) which will be used to finance the restart of underground operations and gold production at the Copperstone Gold Mine in Arizona. The Kerr Mines Copperstone Project is located in La Paz County, Arizona, within the Walker Lane mineral belt. Kerr CEO Giulio T. Bonifacio said restart is targeted for later next year. Star Royalties will purchase from Kerr an amount of refined gold equal to 9.9% of gold produced at Copperstone until a cumulative 21,000 ounces of refined gold are delivered, then 3.3% of gold produced until a cumulative 27,200 ounces are delivered, and 1.2% of gold produced thereafter for the remaining life of mine; L IPO Term Sheet 4 Issuer Star Royalties Ltd. (the “Company“) Offering Up to C$20 million in Units Each Unit will consist of one common share in the capital of the Company (a “Unit Share”) and one common share purchase warrant (a “Warrant”) Warrant Each Warrant will entitle the holder thereof to purchase one common share in the capital of the Company The US$18 million advance payment under the Streaming Agreement will be provided in three equal installments, with the first US$6 million installment having now been received. Kerr Mines strikes financing deal with Star Royalties Kerr Mines (TSX: KER; US-OTC: KERMF) will finance the restart of production from its Copperstone gold mine in Arizona with the help of a US$18… Exploration , News November 9, 2020 Nov 12, 2020. Read the full news release here: https://lnkd.in/gPFRkuq #StarRoyalties Liked by Peter Bures Previously announced, the Company closed a US$18 million project financing with Star Royalties Ltd. for the restart of operations at the Copperstone gold mine. From TheNewswire.com - RSS (Media) Arctic Star Confirms the Large Sequoia Kimberlite Complex with Second Drill Hole, diagras, Lac De … production from its Copperstone gold mine in Arizona with the help of a US$18 million streaming deal with Star Royalties. Star Royalties will purchase from Kerr an amount of refined gold equal to 9.9% of gold produced at Copperstone until a cumulative 21,000 ounces of refined gold are delivered, then 3.3% of gold produced until a cumulative 27,200 ounces are delivered, and 1.2% of gold produced thereafter for the remaining life of mine; Disciplined approach. TheNewsWire . Kerr Mines and Star Royalties Ltd. have closed on the first installment of $18 million gold purchase and sale agreement (streaming agreement) which will be used to finance the restart of underground operations and gold production at the Copperstone Gold Star Royalties Ltd. is a Canada-based precious metals focused royalty and streaming company. As previously announced on November 23, 2020 the Company closed a US$18 million project financing with Star Royalties Ltd. for the restart of operations at the Copperstone gold mine. RockLicker. As announced earlier, it had entered into a US$18 million project financing with Star Royalties Ltd. towards restarting operations at the mine. We use them to give you the best experience. The company’s objective is to provide wealth creation through accretive transaction structuring and asset life extension with superior alignment to both counterparties and shareholders. Star Royalties Ltd. is a Canada-based precious metals focused royalty and streaming company. Star’s US$18M investment AZG used $2M Lowers debt Preparing to commence production in Q4 In November 2020, the company closed a US$18M project financing with Star Royalties (a Toronto based precious metals royalty and streaming company). Through Copperstone property, the company focuses on the gold production. Kerr Mines and Star Royalties Announce US$18 Million Project Financing for Restart of the Copperstone Gold Mine Globe Newswire 11/12 07:00 ET Puma Stock Dropped After Gucci Owner Kering Trimmed Its Stake. Star Royalties Ltd. is a growth-oriented, precious metals-focused royalty and streaming company. The company's current focus is on maximizing Copperstone's potential by defining and expanding current resources and further optimizing the mine's economics for purposes of the restart of gold production as a result of the recent project funding transaction with Star Royalties … SEATTLE (Scrap Monster): Arizona Gold Corp. provided project update at its Copperstone gold mine located in Arizona, United States. Interview with Kevin MacLean, CIO of Star Royalties Ltd. (TSX-V:STRR) Star Royalties Ltd. is a precious metals royalty and streaming investment company. The Copperstone gold stream continues to represent significant, near-term cash flow for Star Royalties from a highly prospective deposit in a world-class jurisdiction.” CONTACT INFORMATION The company's current focus is on maximizing Copperstone's potential by defining and expanding current resources and further optimizing the mine's economics for purposes of the restart of gold production in 2021 as a result of the recent project funding transaction entered into with Star Royalties Ltd. As previously announced on November 23, 2020 the Company closed a US$18 million project financing with Star Royalties Ltd. for the restart of operations at the Copperstone gold mine. Star Royalties will purchase from Kerr an amount of refined gold equal to 9.9% of gold produced at Copperstone until a cumulative 21,000 ounces of … - Kerr Mines (TSX:KER) and Star Royalties jointly announced Thursday a definitive US$18 million gold purchase and sale agreement to finance the restart of underground operations and gold production at the Copperstone Gold Mine in Arizona, USA. Star Royalties will purchase from Kerr an amount of refined gold equal to 9.9% of gold produced at Copperstone until a cumulative 21,000 ounces of refined gold are delivered, then 3.3% of gold produced until a cumulative 27,200 ounces are delivered, and 1.2% of … Apr 30, 2021. Superior alignment. But the financials should start improving relatively soon, as Star Royalties paid $18 million to acquire a 9.9% gold stream from Arizona Gold's (OTCQB:AGAUF) Copperstone … TORONTO – Kerr Mines Inc. (TSX: KER, OTC: KERMF) and Star Royalties Ltd. jointly announced the closing of the first installment of their previously announced US$18,000,000 gold purchase and sale agreement which will be used to finance the restart of underground operations and gold production at the Copperstone Gold Mine in Arizona, USA. Star Royalties Files Final Short Form Base Shelf Prospectus. Star Royalties Provides Update on Copperstone Gold Stream TheNewswire.ca ; Star Royalties Provides Update Copperstone Gold Arizona Gold Drills 49 g/t Gold and Provides Drilling Update - GlobeNewswire. Star Royalties will purchase from Kerr an amount of refined gold equal to 9.9% of gold produced at Copperstone until a cumulative 21,000 ounces of refined gold are delivered, then 3.3% of gold produced until a cumulative 27,200 ounces are delivered, and 1.2% of gold produced thereafter for the remaining life of mine; Star Royalties will purchase from Arizona Gold an amount of refined gold equal to 9.9% of gold produced at Copperstone until a cumulative 21,000 ounces of refined gold are delivered, then 3.3% of gold produced until a cumulative 27,200 ounces are delivered, and 1.2% of gold produced thereafter for the remaining life of mine. Kerr Mines is a North American gold development and exploration company based in Toronto, Canada. Interview with Kevin MacLean, CIO of Star Royalties Ltd. (TSX-V:STRR) Star Royalties Ltd. is a precious metals royalty and streaming investment company. Kerr Mines (TSX: KER, OTC: KERMF) and Star Royalties announced the closing of the first installment of their previously announced US$18 million gold purchase and sale agreement which will be used to finance the restart of underground operations and gold production at the Copperstone gold mine in Arizona, USA. Trusted team. https://www.globalbankingandfinance.com/category/news/page/3028 Star Royalties Ltd updated shareholders on its interest in the Copperstone gold operation, saying that the project is on track to start producing gold in the first quarter of 2022.. Kerr and Star Royalties … Star Royalties will purchase from Kerr an amount of refined gold equal to 9.9% of gold produced at Copperstone until a cumulative 21,000 ounces of … December 1, 2020. The AP news staff was not involved in its creation. MPX International Announces Draw Down of Short Term Bridge Loan Financing in the Amount of C$1,262,500 Star Royalties will purchase from Kerr an amount of refined gold equal to 9.9% of gold produced at Copperstone until a cumulative 21,000 ounces of … One of the biggest concerns when initially evaluating the asset when purchased was reserve life. In November 2020, Star purchased the Copperstone royalty for US$18 million, which it said will be used to finance the restart of underground operations and gold production. Giulio T. Bonifacio, Chief Executive Officer of Kerr, stated: “This Streaming Agreement … Star Royalties will purchase from Kerr an amount of refined gold equal to 9.9% of gold produced at Copperstone until a cumulative 21,000 ounces of … The company’s current focus is on maximizing Copperstone’s potential by defining and expanding current resources and further optimizing the mine’s economics for purposes of the restart of gold production in Q4-2021 as a result of the recent project funding transaction entered into with Star Royalties … The company expects to restart the mine in Q4 this year. The firm’s most up-to-date focal point is on maximizing Copperstone’s capability by defining and rising most up-to-date sources and additional optimizing the mine’s economics for functions of the restart of gold production as a results of the scorching venture funding transaction with Star Royalties Ltd. totalling US$18 million.

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