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Atalaya buys out royalty agreement with equity

Rumbo has agreed to take ordinary shares worth US$4.75 million

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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