Playfair Exercises Option to Acquire a 100% Interest in RKV Copper-Nickel-Cobalt Projects in Norway
Further to its News Release dated March 1, 2019, Playfair Mining Ltd. (PLY-TSX.V) is pleased to announce that it has exercised its option to acquire from EMX Royalty Corporation (EMX-TSX.V) a 100% interest in EMX’s contiguous Rostvangen and Vakkerlien projects in South Central Norway.
To exercise the option, Playfair has issued an additional 3 million shares of Playfair stock to EMX, and EMX has transferred 100% of the property to Playfair, subject to a 3% net smelter royalty (“NSR”) on the property. Within 5 years, Playfair will have the option to buy back up to 1% of the NSR for $3 million, leaving EMX with a 2% NSR.
The road to a cleaner environment includes batteries. Batteries use copper, nickel and cobalt.
For further information visit our website at www.playfairmining.com or contact:
Donald G. Moore
CEO and Director
D. Neil Briggs
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.