• Loading stock data...
PublicWire | Emerging Market Stock News
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
  •  Home
  • Technology
  • Medical
  • Energy
  • Cannabis
  • Finance
  • Retail
  • General
  • Podcast
  • Videos
  • Services
No Result
View All Result
PublicWire
No Result
View All Result

Home » General » AMERICAN FORK – Clifton Mining Company (OTCBB: CFTN) (Clifton) – “Royalty Buyout and Notice of Distribution”

AMERICAN FORK – Clifton Mining Company (OTCBB: CFTN) (Clifton) – “Royalty Buyout and Notice of Distribution”

Drew Hendricks by Drew Hendricks
April 26, 2019
in General
2 min read
90
0

AMERICAN FORK, UT, March 15, 2019 /PRNewswire/ – Royalty Buyout – Clifton Mining Company has finalized a second amended and restated agreement with Desert Hawk Gold Corp. (“Amended Agreement”).  This Amended Agreement includes several changes with the most significant being that Desert Hawk purchase from Clifton its five percent (5%) net smelter return royalty for $3 million in cash and 5.5 million shares of Desert Hawk Gold Corp. stock, with a current estimated value of $0.40 per share, making the estimated value of the exchange $5.2 million.  We believe that as Desert Hawk increases production, the Desert Hawk shares will provide a far greater return than the net smelter return royalty.  The Amended Agreement also includes the release of additional properties back to Clifton.  Desert Hawk Gold Corp. has also received necessary funding to increase its production capacity and enlarge and expand its mining operations.  We believe the Amended Agreement provides significant benefits to both Clifton and Desert Hawk shareholders.

Notice of Distribution – American Silver, LLC, parent company to American Biotech Labs, LLC “ABL” has declared a $0.17 per share distribution, providing approximately $259,000 to Clifton Mining Company, its largest single shareholder.  American Silver is continuing to develop more products and markets using its patented silver Nano-particle anti-pathogenic products. For more information please see www.silverbiotics.com.

Please see the Company’s website www.cliftonmining.com for additional Company information.  Clifton trades on the U.S.OTC: (CFTN).

Note: Any statements released by Clifton Mining Company that are forward looking are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Editors and investors are cautioned that forward looking statements invoke risk and uncertainties that may affect the company’s business prospects and performance.

SOURCE Clifton Mining Company

Related Links

http://www.cliftonmining.com

Read More

Drew Hendricks

Drew Hendricks

Drew Hendricks is a business technology and social marketing specialist. Drew has also written for many major publishers such as Forbes, Entrepreneur Magazine and The Huffington Post. Drew has also worked with a variety of different startups around the globe as well as larger advertising agencies in the United States and the UK.

Related Posts

China Opposed U.S. Audit Plans
General

China Opposed U.S. Audit Plans

May 24, 2020
135
JetBlue gives 100,000 free flights to healthcare workers.
General

JetBlue Announces ‘JetBlue Healthcare Hero’ Program — Giving Away 100,000 Free Flights to Healthcare Workers

May 6, 2020
166
Trans-Pacific flights are most likely to be affected the most with demand declining up to 80% due to the pandemic.
General

American Airlines is looking into canceling up to 60% of its summer schedules as the pandemic continues to push demand down

April 2, 2020
138
Louisiana tops the list of states with the most number of increase in unemployment insurance claims because of the COVID-19 pandemic.
General

Here are the states that suffered the most unemployment due to COVID-19 pandemic

April 2, 2020
151
Kynikos Associates founder warns investors against ‘virus stocks’
General

Kynikos Associates founder warns investors against ‘virus stocks’

April 2, 2020
179
A report reveals that China is deliberately faking the number of COVID-19 cases and deaths.
General

China is underreporting COVID-19 cases, U.S. intelligence community says

April 1, 2020
151
Currently Playing

Subscribe To Our Newsletter

Ad

PublicWire | Emerging Market Stock News 24/7 | Investor Relations US Stock Market

© Copyright 2020 PublicWire.com

Navigate Site

  • About
  • #96576 (no title)
  • Disclaimer
  • Watch LIVE
  • Privacy Policy
  • Terms and Services
  • Contributors

Follow Us

No Result
View All Result
  • LIVE Investor News Channel
  • Cannabis
  • Energy
  • Finance
  • General
  • Medical
  • Podcasts
  • Retail
  • Technology
  • #370 (no title)

© Copyright 2020 PublicWire.com

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Public Wire Logo

Hello please subscribe to our newsletter to get up to date news weekly!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.