Examples of Net Proceeds of Production in a sentence
If either party’s interest dilutes below 10%, then that party’s interest will convert to a 10% of Net Proceeds of Production Royalty.
If either party’s interest dilutes below 10%, than that party’s interest will automatically be converted into a royalty, by way of a 10% of Net Proceeds of Production Royalty.
Xstrata Canada Corporation retains a back-in right for a 50.1% interest or a 9% Net Proceeds of Production Royalty upon a production notice being given.Other Exploration PropertiesThe Company has interests in various other early stage exploration properties located primarily in Canada.
The adjustment will be reflected in subsequent payment of Net Proceeds of Production.
The Ruddock Creek property consists of 20 mineral claims.CatfaceThe Company owns 97.4% of the Catface copper/gold property located 13 kilometres from Tofino on the west coast of Vancouver Island (subject to a 9% Net Proceeds of Production Royalty).