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Regulus Closes Transaction with Osisko Gold Royalties

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Regulus Resources Inc. (TSX-V: REG) (OTCQX: RGLSF) is pleased to announce the closing of the previously announced strategic partnership with Osisko Gold Royalties. Details of the transaction can be found in the Company’s October 1, 2020 press release. The transaction adds US$12.5 M (C$16.6 M) to the Company’s treasury, which will be used to fund exploration and development activities at the Company’s AntaKori project, and for working capital and general corporate purposes.

 

About Regulus Resources Inc. and the AntaKori Project

 

Regulus Resources Inc. is an international mineral exploration company run by an experienced technical and management team. The principal project held by Regulus is the AntaKori copper-gold-silver project in northern Peru. The AntaKori project currently hosts a resource with indicated mineral resources of 250 million tonnes with a grade of 0.48 % Cu, 0.29 g/t Au and 7.5 g/t Ag and inferred mineral resources of 267 million tonnes with a grade of 0.41 % Cu, 0.26 g/t Au, and 7.8 g/t Ag (see press release dated March 1, 2019). Mineralization remains open in most directions.

 

Posted December 2, 2020

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