Harfang Exploration Inc. announced a joint venture agreement with Kenorland Minerals Ltd. On January 16, 2018, a joint venture agreement was executed by Harfang and Kenorland regarding the Lac Fagnant Property, with the initial participating interests as: Harfang (50%) and Kenorland (50%). The operator of the joint venture will be Harfang for as long as its participating interest is equal to or greater than Kenorland's. If a participating interest is diluted to less than 10%, it will be converted into a 1% NSR royalty (the "Royalty"). The remaining participant will have the right to buy-back half of the Royalty (0.5% NSR) for $500,000 or, under certain circumstances, the aggregate Royalty (1% NSR) for $1,000,000.
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06-24 | Kenorland Minerals Ltd. Commences Exploration in Ontario | CI |
06-18 | Kenorland Minerals Highlights Final Drill Results From the Winter Drill Program at the Frotet Project | MT |
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- Harfang Exploration Inc. Announces a Joint Venture Agreement with Kenorland Minerals