Examples of Crocodile Gold in a sentence
The transfer of the property to the Company is subject to a 1% net smelter return (“NSR”) royalty on production from the property payable to Crocodile Gold (“Crocodile”).
On May 4, 2012, the Company completed the sale of the Australian operations to Crocodile Gold.
The recoverable amount was determined in reference to the final consideration agreed to on May 4, 2012 with Crocodile Gold.
RISKS AND UNCERTAINTIES ASSOCIATED WITH DIVESTITURES On May 4, 2012, the Company completed the sale of the Australian operations for consideration of CAD $55 million in cash, 20 million Crocodile Gold shares, and deferred cash payments based on life-of-mine free cash flow derived from the Stawell and Fosterville mines.
Upon closing of the Arrangement, the Crocodile Gold share purchase warrants, options, and phantom share units became exercisable for 0.2456 Newmarket Gold common shares, reflecting the number of Newmarket Gold common shares a holder would have received if they were the holder of that number of Crocodile Gold common shares at the time of the Arrangement.
Carrying out work – or even accessing – a sacred site requires a consent in the form of a certificate issued by the administering agency, the Aboriginal Areas Protection Authority (AAPA).A certificate (reference number D89/199:90/804 (Doc: 68552) C2009/266 (supersedes C2007/072)) was issued by the AAPA to Crocodile Gold on 8 October 2009.
The consideration received was comprised of CAD $55 million in cash, 20 million Crocodile Gold common shares, and additional payments based on the future life-of-mine free cash flows, as defined in the agreement, from the Fosterville and Stawell mines.
Each Crocodile Gold shareholder had the option to elect to receive consideration per Crocodile Gold common share of (i) 0.2456 Newmarket Gold common shares, or (ii) C$0.37 per share in cash, subject to a maximum aggregate cash consideration of C$20 million.
Mr. Getz previously served as Chairman of the board of directors of Crocodile Gold Corp., a gold mining company with operations in Australia, prior to the company’s merger with Newmarket Gold in July 2015.
On May 4, 2012, the Company completed the sale of the Fosterville and Stawell mines and their related subsidiaries (collectively, the “Australian operations”) to Crocodile Gold.