Royal Gold and Australian Investor Group Revive Agreement for Milos Gold Project

PR Newswire | August 13, 1998 | Copyright

DENVER, Aug. 13 /PRNewswire/ -- ROYAL GOLD, INC. (Nasdaq: RGLD) today announced that it has reached an agreement with an Australian investor group, Rakov Pty. Ltd., relating to the terms and conditions upon which the two parties will revive their joint participation in the Milos gold exploration project in the public mining areas on the Greek island of Milos, and on other islands in the Cyclades chain, in the Aegean Sea. Royal Gold is the operator of the project.

Goldmax Resources, a Canadian corporation, has agreed to acquire all of the capital stock of Rakov, and is ...

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