Revett Minerals Completes US$6.5 million Payment Obligation Restructuring

Revett Minerals Completes US$6.5 million Payment Obligation Restructuring - "Revett has completed an agreement with Royal Gold Inc. to restructure the final US$1.6 million due under its original Troy project financing royalty. In consideration for relieving this payable, the Company has agreed to reconfigure an existing gross smelter return ("GSR") production royalty at Troy. This restructured royalty will now be a flat rate 3% GSR at Troy commencing in July 2010, rather than a 6.1%/2% GSR which would have commenced at a later date under the original terms." More
- 10/22/09 | Item |

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