12:59 PM EST - Guyana Goldfields Inc. : announced that it has signed a Memorandum of Understanding for the Mineral Agreement and Mining License with the Government of Guyana for the 100% owned Aurora Gold Project located in Guyana, South America. The MOU sets out the key terms of the MA, also known as a Fiscal or Stability Agreement, which is a comprehensive agreement that outlines the fiscal terms and conditions for the development and mining of the Aurora Gold Project. Significant among the terms of the MOU are: Mining royalty of 8% on gold sales at a price of gold over $1,000 U.S./oz. Guyana Goldfields Inc.
shares T.GUY are trading up $0.50 at $8.01.
