ZINC The base metal. News and Views. Symbol Zn Message Board

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Gold/Mining/Energy : ZINC The base metal. News and Views. Symbol Zn

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To: Mr. Aloha who wrote (1930)	11/15/2006 8:19:20 AM
From: Chuckles_Bee	Read Replies (2) of 3270

WTF?? = GLOBEX ACQUIRES GROSS METAL ROYALTY ON ZINC-LEAD DEPOSIT IN NOVA SCOTIA kitco.com "...is pleased to inform shareholders that it has acquired a 1% Gross Metal Royalty on the Getty zinc-lead deposit in Nova Scotia from Acadian Gold Corporation" "Globex’s 1% Gross Metal Royalty is not subject to charges of any kind. Acadian Gold has the right to acquire one half of the 1% Gross Metal Royalty for $300,000 and also has a first right of refusal on the remaining ½% royalty should Globex decide to sell it." WHAT is the point of this? ADA gives away 1% royalty for free....but arranges to pay to buy it back? Regards, CB.

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