VANCOUVER, British Columbia, Sept. 25, 2018 (GLOBE NEWSWIRE) — Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM) and its wholly-owned subsidiary, Panoro Trading (Cayman) Ltd. (“Panoro” or the “Company”) are admiring to advertise that they accept accustomed the seventh Aboriginal Drop acquittal of US$750,000 as allotment of the Precious Metals Purchase Agreement (the “Cotabambas Aboriginal Drop Agreement”) with Wheaton Precious Metals International Ltd. (“WPMI”), a wholly endemic accessory of Wheaton Precious Metals Corp. (TSX:WPM) (NYSE:WPM), in account of the Cotabambas activity amid in Peru.
The arch agreement of the Cotabambas Aboriginal Drop Agreement are as declared in the Company’s columnist absolution on March 21, 2016, whereby WPMI will pay Panoro upfront banknote payments totalling US$140 actor for 25% of the payable gold assembly and 100% of the payable argent assembly from the Company’s Cotabambas Activity in Peru. In addition, WPMI will accomplish assembly payments to Panoro of the bottom of the bazaar amount and US$450 per payable ounce of gold and US$5.90 per payable ounce of argent delivered to WPMI over the activity of the Cotabambas Project.
Panoro is advantaged to accept US$14 actor beforehand over a aeon of up to 9 years as an aboriginal drop with payments to be acclimated to armamentarium accumulated costs accompanying to the Cotabambas
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