Energy News / Media, Inc.

All Penny News: Typhoon Announces LOI to Acquire 100% of the Fayolle Project from Hecla Quebec

Via: ReleaseWire

Updated 1:46 PM CDT, Mon, September 17,2018

Mississauga, ON -- (SBWIRE) -- 09/17/2018 -- Media, Inc. ( announces its latest article titled "Typhoon Announces LOI to Acquire 100% of the Fayolle Project From Hecla Quebec."

Companies mentioned in this article include Typhoon Exploration Inc. (TSX-Venture:TYP) and Hecla Mining Company (NYSE:HL).

Article Excerpt:

Junior-miner Typhoon Exploration Inc. (TSX-Venture:TYP) was in the news today as the company announced the signature of a letter of intent (LOI) with Hecla Quebec Inc., an affiliated company of Hecla Mining Company (NYSE:HL).

Under the terms of the LOI, Typhoon agreed to buy Hecla's 50% interest in the Fayolle property, as well as any and all the equipment, buildings and structures located on the Fayolle property, for $3,000,000 CDN and a 1% Net Smelter Return Royalty (NSR) in favour of Hecla with the payment coming due on or before December 10, 2018.

The full version of this article can be found at:

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