Westhaven Gold signs financing agreement with Franco-Nevada
Westhaven is a junior resource company. The company traded up 10% today to 43 cents a share.
Westhaven agreed to sell a 2% net smelter return royalty to Franco-Nevada for $6 million. The NSR applies to all of Westhaven’s claims across the Spences Bridge Gold Belt in Southwestern British Columbia, Canada. Westhaven has an option to buy-down 0.5% of the NSR for US$3,000,000 for a period of 5 years from the closing of the transaction. Westhaven has also agreed to sell to Franco-Nevada for US$750,000 the Talisker Resources Ltd.
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