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Atalaya buys out royalty agreement with equity

Atalaya Mining (LN:ATYM) has bought out its royalty agreement with Rumbo 5-Cero SL for US$4.75 million worth of ordinary shares.

Staff reporter
Atalaya will no longer have to pay out royalties relating to Proyecto Riotinto's copper output

Atalaya will no longer have to pay out royalties relating to Proyecto Riotinto's copper output

The royalty agreement was signed in July 2012 with Rumbo, who formerly owned the land used by Proyecto Riotinto in Andalucía, Spain, entitling it to a royalty payment of up to $250,000 per quarter if the...

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