Nicosia, Cyprus (FSCwire) - Atalaya Mining plc (AIM:ATYM, TSX:AYM) is pleased to announce the issue of equity to buy out the royalty agreement with Rumbo 5.Cero, S.L. ("Rumbo").

 

In accordance with the royalty agreement signed in July 2012 between the Company and Rumbo, the former owner of certain plots of land currently used by Proyecto Riotinto (the "Royalty Agreement"), and as disclosed in Atalaya's financial information, Rumbo is entitled to receive a royalty payment of up to US$250,000 per quarter if the average copper sales price or LME price for the period is equal to or above $2.60/lb for ten years up to a maximum amount of US$10,000,000.

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) no 596/2014.

 

Contacts:

Newgate Communications	Charles Chichester / James Ash / James Browne	+44 20 7680 6550
4C Communications	Carina Corbett	+44 20 3170 7973
Canaccord Genuity (NOMAD and Joint Broker)	Henry Fitzgerald-O'Connor / Martin Davison / James Asensio	+44 20 7523 8000
BMO Capital Markets (Joint Broker)	Jeffrey Couch/Neil Haycock/Tom Rider	+44 20 7236 1010

 

Click on, or paste the following link into your web browser, to view the associated PDF document.
 

http://www.rns-pdf.londonstockexchange.com/rns/7930K_1-2018-4-12.pdf

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

To view the associated document to this release, please click on the following link:
public://news_release_pdf/atalaya04132018.pdf

To view the original release, please click here

Source: Atalaya Mining Plc (TSX:AYM, AIM:ATYM)

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