representative work

Gold Line Resources Acquires Oijärvi and Solvik Gold Projects from Agnico Eagle for US$10 Million


On June 24, 2021, Gold Line Resources Ltd. closed an asset purchase transaction pursuant to which Gold Line acquired a 100% interest in Agnico Eagle Mines Limited’s Oijärvi Gold Project located in central Finland and Solvik Gold Project located in southern Sweden for an aggregate purchase price of US$10 million comprised of cash and shares of Gold Line and EMX Royalty Corp. In connection with the transaction, Agnico will retain a 2% net smelter return royalty on the projects, 1% of which may be purchased at any time by EMX for US$1 million.

Cassels acted for Gold Line.

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