https://www.engineeringnews.co.za

Sipa sells royalties to SilverStream

5th March 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior Sipa Resources has inked a binding preliminary purchase agreement with royalties company SilverStream to sell a portfolio of royalties for A$2.25-million.

“The sale of our portfolio of royalties to SilverStream is a great outcome, realising funds to support our ongoing activities in the Paterson province and Wolfe basin in particular,” said Sipa MD Pip Darvall.

The royalties exist over several projects previously identified and discovered by Sipa, with Darvall noting that the company would retain an indirect interest in these royalties through its shareholding in SilverStream.

The royalty agreement was subject to a number of conditions, including one third-party approval and the listing of SilverStream on the Toronto Stock Exchange by April 6, and completing a capital financing of no less than $3-million.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.058 0.097s - 140pq - 2rq
Subscribe Now