CLR Announces $220 Million Minerals Divestiture And Formation Of A Strategic Relationship With Franco-Nevada -- August 6, 2018

CLR Announces $220 Million Minerals Divestiture And Formation Of A Strategic Relationship With Franco-Nevada -- August 6, 2018 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title CLR Announces $220 Million Minerals Divestiture And Formation Of A Strategic Relationship With Franco-Nevada -- August 6, 2018, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : CLR Announces $220 Million Minerals Divestiture And Formation Of A Strategic Relationship With Franco-Nevada -- August 6, 2018
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CLR Announces $220 Million Minerals Divestiture And Formation Of A Strategic Relationship With Franco-Nevada -- August 6, 2018

Press release. I don't always follow these announcements, but it appears that:
  • Franco-Nevada committed $220 million for a stake in a newly formed minerals subsidiar
  • the parties will spend up to a combined $125 million over the next three years to acquire additional minerals through the newly formed subsidiary
  • CLR will fund 20% of future mineral acquisitions
  • will acquire miners in SCOOP and STACK, primarily in areas already owned by CLR




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