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Typhoon announces LOI to acquire 100% of the Fayolle Project

  • Typhoon Exploration (OTC:TYPFF) has signed a non-binding letter of intent with Hecla Quebec Inc., an affiliated company of Hecla Mining Company (HL) to buy 50% interest in the Fayolle property, as well as any and all the equipment, buildings and structures located on the Fayolle property, in consideration of a cash payment of C$3M and a 1% Net Smelter Return Royalty (NSR) in favour of Hecla.
  • The payment will be due on or before December 10, 2018.

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