Loading ...Does anyone out there wish to answer this imaginary question, smile.
A gold mining company G buys another gold mine company F. Company F retains a royalty right of 2.5 % of all future gold mined this site. Times passes and the company G develops the purchased Company F assets into a working mine producing good gold values. The CEO of company G than buys the royalties rights of company F for his own personal holding company. Would this not be a conflict of interest to the shareholders to company G and would this even be legal in North America?
Any feedback would be appreciated…naturally this is entirely mythical.