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SDR Stroud Resources Ltd

0.085
0.005 (6.25%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Stroud Resources Ltd TSXV:SDR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.005 6.25% 0.085 0.065 0.10 0.085 0.08 0.08 6,000 21:12:17

Stroud Resources Ltd. Announces Reduction of Future Royalty on Its Santo Domingo Silver Property, Mexico

17/09/2019 10:07pm

GlobeNewswire Inc.


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Stroud Resources Ltd. (TSXV-SDR) (“Stroud” or “Company”) is pleased to announce it has reached an agreement to reduce the future royalty payable on its Santo Domingo silver property in Jalisco, Mexico (the “Project”).

The royalty has been reduced from 1% to 0.5% of net smelter returns, and the maximum amount has been reduced from USD $2,320,000 to a maximum of USD $1,160,000. Stroud has the right to purchase the remaining Royalty for USD $685,000 at any time prior to September 7, 2021. Stroud paid USD $25,000 and another USD $210,000 is payable upon the Company closing its previously announced private placement financing.

Stroud continues to move its Santo Domingo Project forward and further improve the economic viability of the Project.

About Stroud Resources Ltd.Stroud Resources is a TSX-V listed company focused on the exploration and development of its Santo Domingo epithermal silver-gold project in central Mexico.

For more information please visit www.stroudsilver.com

ON BEHALF OF THE BOARD OF DIRECTORS OF STROUD RESOURCES LTD.

Mirsad JakubovicCFO and Director416-888-8731

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

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