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 In
Peru, Vaaldiam has a sliding-scale NSR royalty interest in
the Pukaqaqa copper/gold project and will also receive US$8
million when the open pit mine goes into production.
In Kenya, Vaaldiam owns a 1.5% Gross Revenue Royalty on all
product revenue from the Kwale Mineral Sands project.
In Brazil, Vaaldiam owns a 1% Gross Revenue Royalty on all
product revenue from the Braúna diamond project.
Vaaldiam owns 10,625,000 common shares of Flemish Gold
Corp., a private exploration company with properties in East
Africa, which it purchased for US$3.4 million. Flemish Gold
Corp. completed a private placement in Q2, 2011 of
approximately $10 million at a unit price of $1.00 per
share.
Vaaldiam owns approximately 2.8 million shares of
Freegold Ventures Ltd., a promising gold exploration
company with properties in Alaska.
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