Morien Resources to Withdraw from Donkin Project

摘要

Morien Resources Corp., Canada has decided to sell a 25% interest in Donkin project to Kameron Collieries ULC and withdraw from this project. The sales value is C$5.5 million. In addition, Kameron Collieries will pay a royalty in each quarter to Morien Resources after commencement of coal production from Donkin project. The payment amount as a royalty is 2% of the coal sales up to 500,000 tons and 4% of the same more than 500,000 tons.