Dorato Resources Inc. Enters into Royalty Purchase Agreement with Franco-Nevada Corporation
June 26, 2012 at 09:15 pm
Dorato Resources Inc. announced that on June 22, 2012 the company entered into a royalty purchase agreement with Franco-Nevada Corporation whereby Franco has been granted a 2% net smelter return on the company's mineral properties in Peru in consideration of $350,000 in cash. This agreement replaces the royalty option agreement between the parties dated August 18, 2008 and amended March 30, 2009 which the parties mutually agreed to terminate.