Friday, January 22, 2016

Chidliak Royalty Part VI

This is the final post on the Chidliak royalty.

BHP has now settled with Peregrine Diamonds and the royalty has been dissolved for a payment of CAD$125K.

Here is a link to the final press release -- Jan 22 2016 - press release


"In consideration of Peregrine terminating its legal action against BHPB and a cash payment of $125,000, BHPB has agreed to terminate the Royalty Agreement and thereby cancel the Chidliak Royalty."

Chidliak is now 100% owned by Peregrine Diamonds and should give the utmost flexibility for the company going forward.

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