Maverix Completes Acquisition of Royalty Portfolio From Newmont
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Maverix Metals has completed the acquisition of a portfolio of 11 gold royalties from Newmont Corporation.
Maverix made a cash payment of $15 million and issued 12,000,000 common shares to Newmont. Newmont now owns a total of 42,000,000 common shares of Maverix, representing approximately 30 percent of the issued and outstanding common shares of the company.
Certain royalties in the Royalty Portfolio are subject to rights of first refusal as well as the requirement for various transfer consents. Any proceeds from the exercise of a right of first refusal will be paid to Maverix.
About Maverix
Maverix is a gold-focused royalty and streaming company with a globally diversified portfolio of over 100 assets. Maverix’s mission is to increase per share value by acquiring precious metals royalties and streams.
To stop by Maverix’s website, CLICK HERE
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