Issue of Equity - Buyout of Rumbo Royalty
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
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Source: Atalaya Mining plc (TSX:AYM, AIM:ATYM)
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