Regal Resources Inc. (CNSX: RGR) has entered an option agreement to earn a 100% interest in the Squaw Peak Copper-Molybdenum Project. The project is located in Yavapai County, Arizona.
For the 100% interest, the company will undertake cash payments of $500,000, expenditures of $2,800,000 and to issue 1,000,000 common shares of Regal over a period of 10 years. The vendor will keep a 3% NSR royalty.
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Regal Resources Inc. is a Canada-based company. The Company’s activities are primarily directed towards exploration and development of mineral interests.
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