https://www.miningweekly.com

Manitou sells Dryden properties

25th April 2022

By: Creamer Media Reporter

     

Font size: - +

TSX-V-listed Manitou Gold has sold its Dryden properties, located in northern Ontario, to a company controlled by the founders and management of Ely Gold Royalties.

Manitou sold these properties for C$7-million in cash and received four-million shares of Dryden Gold, as well as a 1% net smelter royalty.

Manitou CEO Richard Murphy said that the company strongly believed in the potential of the Dryden properties and that it would participate in the future upside of these properties through its shareholding in Dryden Gold, as well as its retained net smelter royalty.

Manitou will become a significant shareholder in Dryden, which will pursue an initial public offering later this year.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ASTPM
ASTPM

Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...

VISIT SHOWROOM 
Virtual Gas Network (Pty) Ltd
Virtual Gas Network (Pty) Ltd

Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.049 1.118s - 111pq - 2rq
Subscribe Now