{"id":150855,"date":"2020-08-10T22:23:39","date_gmt":"2020-08-10T22:23:39","guid":{"rendered":"https:\/\/www.bnreport.com\/oriole-resources-considers-options-over-mining-royalty-sale-in-turkey\/"},"modified":"2020-08-10T22:23:39","modified_gmt":"2020-08-10T22:23:39","slug":"oriole-resources-considers-options-over-mining-royalty-sale-in-turkey","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/oriole-resources-considers-options-over-mining-royalty-sale-in-turkey\/","title":{"rendered":"Oriole Resources considers options over mining royalty sale in Turkey"},"content":{"rendered":"<p><a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:ORR\/Oriole-Resources-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">Oriole Resources PLC<\/a> (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:ORR\/Oriole-Resources-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:ORR<\/a>) said it is considering its options over an agreement to sell the Hasan\u00e7elebi and Do\u011fala mining royalties in Turkey.<\/p>\n<p>The agreement required partner Bati Toroslar to pay US$30,000 within seven days, with the balance contingent upon the commencement of mine construction at either Hasan\u00e7elebi or Do\u011fala.<\/p>\n<p>Oriole added Bati Toroslar has failed to make the initial payment, which has given it the right to cancel the sale agreement.<\/p>\n<p>Bob Smeeton, Orioles CFO, said: &quot;As part of our asset realisation strategy, we received an offer from a third party that triggered Bati Toroslar&#039;s right of first refusal.<\/p>\n<p>\u201cUnfortunately, despite exercising this right, Bati Toroslar has failed to make payment under the terms of the Sale Agreement and the Board now has the right to cancel the sale. Cancellation of the Sal<a href=\"https:\/\/www.proactiveinvestors.co.uk\/companies\/news\/926294\/oriole-resources-considers-options-over-mining-royalty-sale-in-turkey-926294.html\" rel=\"noreferrer noopener\" target=\"_blank\">Read More \u2013 Source<\/a><br \/>\n[contf]<br \/>\n[contfnew]<br \/>\n        <img decoding=\"async\" src=\"https:\/\/webfiles.thecse.com\/PRO_LOGO_P_COLOUR.png?sYToe11NLbcXiyGkVa5syF9WB04cy98G\"\/><\/p>\n<h5><a href=\"https:\/\/www.proactiveinvestors.co.uk\/\" rel=\"noreferrer noopener\" target=\"_blank\">Proactiveinvestors<\/a><\/h5>\n<p>[contfnewc]<br \/>\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oriole Resources PLC (LON:ORR) said it is considering its options over an agreement to sell the Hasa..<\/p>\n","protected":false},"author":1,"featured_media":150856,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-150855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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