RGX in arrears with annual 100k payment.

Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Tony T

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RGX in arrears with annual 100k payment.

posted on Apr 17, 2016 02:43PM

From MD&A Page 2

"The Company holds 1,110,000shares of Argex Titanium Inc. (“Argex”). The Company also holds a 2%NSR, rising to 4% two years after production, on Argex’s La Blache property, with an advance royalty of$100,000 to be paid annually, and currently in arrears"

Not sure what the implications would be for fnc should RGX default on payment. Would FNC regain the La Blache property from RGX?

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