representative work

Roxgold Acquires Outstanding 1.2% NSR on Séguéla Gold Project and Agrees to Sell 1.2% NSR to Franco-Nevada


On March 31, 2021, Roxgold Inc. repurchased a 1.2% Net Smelter Royalty (the “NSR”) on the Séguéla Gold Project. In order to repurchase the NSR, Roxgold exercised its right to pre-empt the proposed AUD$20 million sale of the royalty to an international royalty company. Concurrent with the buy-back of the existing NSR, Roxgold has entered into a new royalty agreement with Franco-Nevada Corporation for the sale of a 1.2% NSR royalty on the Séguéla Gold Project for AUD$20 million which includes a modified buy-back option for up to 50% of the royalty at a pro rata portion of the AUD$20 million purchase price for a period of up to three years following closing.

Cassels acted for Roxgold.

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