Stroud Resources Ltd. Announces Reduction of Future Royalty on Its Santo Domingo Silver Property, Mexico
17 Setembro 2019 - 6:07PM
Stroud Resources Ltd. (TSXV-SDR) (“
Stroud” or
“
Company”) is pleased to announce it has reached
an agreement to reduce the future royalty payable on its Santo
Domingo silver property in Jalisco, Mexico (the “Project”).
The royalty has been reduced from 1% to 0.5% of
net smelter returns, and the maximum amount has been reduced from
USD $2,320,000 to a maximum of USD $1,160,000. Stroud has the right
to purchase the remaining Royalty for USD $685,000 at any time
prior to September 7, 2021. Stroud paid USD $25,000 and another USD
$210,000 is payable upon the Company closing its previously
announced private placement financing.
Stroud continues to move its Santo Domingo
Project forward and further improve the economic viability of the
Project.
About Stroud Resources
Ltd.Stroud Resources is a TSX-V listed company focused on
the exploration and development of its Santo Domingo epithermal
silver-gold project in central Mexico.
For more information please
visit www.stroudsilver.com
ON BEHALF OF THE BOARD OF DIRECTORS OF
STROUD RESOURCES LTD.
Mirsad JakubovicCFO and Director416-888-8731
Neither the TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this press
release.
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