Silver Bow Mining Signs Definitive Agreement To Acquire The Jefferson County Metallurgical Complex In Montana
SBMT•Cash payments and royalty terms
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Silver Bow Mining Corp - to pay $28.60 million cash to creditors including $4.27 million to Jefferson County and $20.80 million to Montana DEQ.
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Silver Bow Mining Corp - deal includes a 2% net smelter return royalty on M-Pit production with a $10 million buyback right.
Post-closing commitments and profit interests
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Silver Bow Mining Corp - post-closing commitments include a $5 million feasibility study and $3 million for the Clancy Creek bypass channel.
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Silver Bow Mining Corp - deal includes a 50% net profits interest for tailings reprocessing and 75% for Clancy Creek placer production.
Definitive agreement to acquire Montana metallurgical complex
Aug. 24 (Reuters) - Silver Bow Mining Corp SBMT.A:
