Sorrento Resources Ltd. (TSE:SRS) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Sorrento Resources Ltd. has agreed to sell three properties in Newfoundland to Gold Hunter Resources Inc. for $60,000 and 1,000,000 Gold Hunter common shares. The completion of this deal is anticipated in the upcoming weeks, pending necessary approvals and the fulfillment of customary conditions. The sale includes termination of a 1% net smelter return royalty to Gold Hunter, with the properties already subject to another 2% royalty to Fair Haven Resources Inc.
For further insights into TSE:SRS stock, check out TipRanks’ Stock Analysis page.