Morien Announces Strategic Aggregate Royalty Alliance with Rife Royalties
Morien Resources Corp. (TSX-V: MOX) has entered a non-binding term sheet with Rife Royalties Ltd. to form a strategic alliance for acquiring royalties on construction aggregate production in the U.S. and Canada. Morien will identify opportunities, while Rife provides capital. Morien may earn up to an 8% beneficial interest in each royalty acquired. The alliance is subject to a definitive agreement and a 12-month trial period. Morien has 60.18 million issued and outstanding shares.
