Examples of Owned Lands in a sentence
As a consequence of the land claims settlement, the Inuit Owned Lands are not subject to royalty obligations to the Government of Canada, but instead are subject to an underlying 12% net profits royalty payable on all minerals to NTI.
Mahoney, The Illusion of Perpetuity and the Preservation of Privately Owned Lands, 44 NAT.
The Company entered into agreements with Nunavut Tunngavik Incorporated (“NTI”) on December 2, 2008, March 4, 2009 and June 13, 2010 which details the Company’s right to earn a 100% interest in all uranium and other minerals located on certain Inuit Owned Lands.
In order to keep the Inuit Owned Lands in good standing, Kivalliq has or will complete the following: • Kivalliq issued 1,000,000 common shares from treasury to NTI staged over 36 months beginning after final TSX:V approval for the spin-out transaction.
Angilak, Nunavut Angilak is a combination of two properties, located on Inuit Owned Lands and Federal Crown land.