Royal Gold Terminates Agreement With Australian Investor Group and Assumes Full Responsibility for the Milos Gold Project

PR Newswire | June 23, 1998 | Copyright

DENVER, June 23 /PRNewswire/ -- ROYAL GOLD, INC. (Nasdaq: RGLD) today announced that it has terminated its agreement with an Australian investor group (Rakov Pty. Ltd.) relating to a gold exploration program in the public mining areas of the Greek island of Milos, and on other islands in the Cyclades chain, in the south Aegean Sea. Royal Gold had been the operator of the project, and, as a result of the termination, will now be responsible for all continuing work on Milos.

On May 22, 1998, Royal Gold provided the Australian investor group written notice that it ...

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