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ARTEMIS GOLD AND WHEATON PRECIOUS METALS COMPLETE CAD ~$176 MILLION (US $141 MILLION) SILVER STREAM AGREEMENT - NEW GOLD WAIVES ROFR; WHEATON PRECIOUS ACQUIRES BLACKWATER GOLD STREAM FROM NEW GOLD
ARTEMIS GOLD AND WHEATON PRECIOUS METALS COMPLETE CAD ~$176 MILLION (US $141 MILLION) SIL...
About this update from Artemis Gold Inc
[{"type":"text","content":"\n \n \n \n ARTEMIS GOLD AND WHEATON PRECIOUS METALS COMPLETE CAD ~$176 MILLION (US $141 MILLION) SILVER STREAM AGREEMENT - NEW GOLD WAIVES ROFR; WHEATON PRECIOUS ACQUIRES BLACKWATER GOLD STREAM FROM NEW GOLD\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n \n \n \n \n \n All figures presented in Canadian Dollars, unless specified otherwise\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 13, 2021\n \n /CNW/ - Artemis Gold Inc. –\n \n December 13\n \n , 2021 (TSXV: ARTG) (\n \n \"Artemis\"\n \n or the\n \n \"Company\"\n \n ) is pleased to announce that New Gold Inc. (\"\n \n New Gold\n \n \") has waived its Right of First Refusal and Artemis has entered into a definitive Precious Metal Purchase Agreement (the \"\n \n Silver Stream Agreement\n \n \") with Wheaton Precious Metals™ Corp. (\"\n \n Wheaton\n \n \"), in respect to the Company's Blackwater Gold Project in\n \n British Columbia\n \n (\"\n \n Blackwater\n \n \" or \"\n \n the Project\n \n \").\n \n \n In addition, Wheaton has entered into a definitive agreement to acquire the Company's existing gold stream (the \"\n \n Gold Stream\n \n \") held by New Gold in respect of gold production from the Project.\n \n \n As originally announced on\n \n November 16, 2021\n \n , a letter of offer, as well as a copy of a proposed Silver Stream Agreement (\"\n \n ROFR Offer\n \n \") was submitted to New Gold, as required under the terms of an agreement related to the purchase of Blackwater dated\n \n August 21, 2020\n \n , triggering a Right of First Refusal mechanism under that agreement. Under this mechanism, New Gold had until\n \n December 15, 2021\n \n to accept the ROFR Offer and offer identical terms as the Silver Stream Agreement from Wheaton.  New Gold provided notice that it has waived its Right of First Refusal in connection with the sale of the gold stream to Wheaton, and accordingly, Artemis and Wheaton were free to execute the Silver Stream Agreement.\n \n \n Under the terms of the Silver Stream Agreement, ...