Vancouver, British Columbia, February 23, 2016 (TSX Venture: EMX; NYSE MKT: EMXX) – Eurasian Minerals Inc. (the “Company” or “EMX”) is pleased to announce the execution of a purchase agreement (the “Agreement”) for net smelter return (“NSR”) royalty interests on the Maggie Creek and Afgan gold properties from Golden Predator US Holding Corp. (“Golden Predator”), a wholly-owned subsidiary of Till Capital Ltd. (“TCL”). Golden Predator owns a 2% NSR royalty on all precious metals and a 1% NSR royalty on all other minerals for the Maggie Creek property, which is located north-northeast of Newmont Mining Corporation’s (“Newmont”) Gold Quarry open pit operations on the Carlin Trend, and a 1% NSR royalty on all minerals for the Afgan property, which occurs on the Battle Mountain-Eureka Trend. The addition of these two royalty assets will strengthen EMX’s growing Nevada gold portfolio that includes the Leeville royalty property on the Northern Carlin Trend, as well as the Maggie Creek South royalty property located south-southeast of Gold Quarry (please see attached North Central Nevada location map).
Commercial Terms Overview. A summary of the Agreement’s commercial terms includes:
- Purchase by EMX of Golden Predator’s NSR royalties covering the Maggie Creek (2% NSR on precious metals and 1% NSR royalty on all other minerals) and Afgan (1% NSR royalty) properties;
- Issuance by EMX of 250,000 EMX shares to TCL as consideration for the purchase; and
- Approval by the TSX Venture and NYSE MKT exchanges as a condition precedent to closing the transaction.