February 1, 2017 / 2:40 PM / 7 months ago

BRIEF-Maverix Metals enters into royalty purchase, sale agreement with Resource Income Fund

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Feb 1 (Reuters) - Maverix Metals Inc

* Has entered into a royalty purchase and sale agreement with Resource Income Fund, L.P., a unit of Auramet Trading, Llc

* Maverix Metals - Agreement for co to acquire two net smelter return royalty contracts on Florida Canyon and Beta Hunt mining operations from RIF

* Will pay US$5 million in cash to resource income fund

* Co to issue to RIF a total of 8.5 million common shares as per agreement Source text for Eikon: Further company coverage:

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