Mississauga, ON -- (SBWIRE) -- 09/17/2018 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) 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).
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.
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