By Frik Els
MINEWEB.com
Americas Bullion Royalty Corp. (TSE:AMB) shot up 21% on Tuesday after announcing the settlement of a debt and royalty option deal entered into more than a year ago.
The Idaho-based royalty company said in a statement that under the deal with MF Investment with respect to a senior secured facility agreement made September 2012 the full amount owing under the facility agreement will be applied to the purchase price of certain royalties.