Business News • MarketWire • Routemaster Closes Acquisition of Quebec Gold Royalties |
Routemaster Closes Acquisition of Quebec Gold Royalties |
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Routemaster Closes Acquisition of Quebec Gold Royalties
TORONTO, ONTARIO--(Marketwired - Aug. 18, 2017) - Routemaster Capital Inc. (TSX VENTURE:RM) ("Routemaster" or the "Company") has completed its acquisition of a 2.0% net smelter return royalty covering former producing gold mines in the Province of Quebec. In consideration for this royalty, Routemaster has issued to Forbes & Manhattan, Inc. (the "Vendor") a total of 11,000,000 common shares, which represents approximately 34.9% of the outstanding Routemaster shares. Details regarding this acquisition can be found in the Company's press release of April 9, 2017 and its management information circular of June 21, 2017. These Routemaster common shares are subject to a statutory hold period of four months and a day.
View More : http://www.marketwired.com/mw/release.do?id=2230798&sourceType=3
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