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Regency Gold Buys Agate Pass Property in Nevada

Regency Gold Corp. (TSX VENTURE:RAU.H) has announced it has acquired a 100-per-cent interest in the Agate Pass property located in Eureka County, Nevada.

The Company paid the first annual advance royalty of US$10,000 on signing the lease which escalates to US$50,000 by year five. To maintain the lease the Company will pay annual escalating advance royalty payments against a 3% net smelter return ("NSR") royalty. The Company will have the option to buy back up to 2 points of the NSR for US$1,000,000 a point.

Source:

Regency Gold Corp.

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