Samco is to retain a 1.5% net smelter return royalty over the EDM properties. As additional consideration for the 5R shares, all employment related Argentinean lawsuits initiated against Samco by some of the shareholders participating in the subject transaction have been withdrawn, and Samco and such shareholders released each other from all claims. As a result of the transaction, following formal cancellation of the 18 450 000 common shares, Samco will have 46 626 075 common shares outstanding on a non-diluted basis.
Claire Cuddihy
Assistant Editor
Claire joined Palladian Publications in October 2017 after graduating from her MA in English Literature at Swansea University. She is currently working as an Assistant Editor on Global Mining Review, World Coal and Dry Bulk magazine, and is enthusiastic to expand her knowledge across the breadth of these industries.
Having moved to Farnham from the rural landscapes of Suffolk, Claire continues to pursue her passion for cross country running and is planning to run her first half-marathon in the spring.
