VR Resources (TSE:VRR) has released an update.
VR Resources Ltd. has successfully completed the sale of its Hecla-Kilmer REE mineral property to Neotech Metals Corp., receiving $1 million in cash and 4 million shares of Neotech. The deal includes a structured release of shares from escrow, rights to reduce existing royalties, and an option for VR to appoint a member to Neotech’s Board of Directors or Advisory Committee.
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