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Precious Metals M&A image Precious Metals M&A » By The Online Investor Staff, updated Sun., Apr. 18, 4:15 AM Recent mergers and acquisitions in the Precious Metals M&A category.

Slide #80. Goldgroup Mining Inc. Oroco Resource Corp.

Acquirer: Goldgroup Mining Inc. (GGA.CA)
Acquiree: Oroco Resource Corp. (OCO.CA)
Details: Goldgroup Mining Inc. is pleased to announce that it has entered into a binding agreement with Oroco Resource Corp. whereby Goldgroup will acquire 100% interest in Oroco's Cerro Prieto Project in Sonora State, Mexico for an initial cash payment of US$4.5 million, US$1 million private placement of units in Oroco and up to an additional US$13.5 million in payments made from future gold produced at the Properties, subject to receipt of regulatory and Oroco shareholder approvals.

Goldgroup Mining is a precious metals producing company focused on acquiring and developing advanced stage gold and silver deposits that have a likelihood of realizing near-term production. Co. is focused on operating the Cerro Colorado Mine, a heap leach gold operation located in Sonora, Mexico. Co. has operations in Malaysia, Mexico and Canada.

Open the GGA.CA Page at The Online Investor »

Goldgroup Mining is a precious metals producing company focused on acquiring and developing advanced stage gold and silver deposits that have a likelihood of realizing near-term production. Co. is focused on operating the Cerro Colorado Mine, a heap leach gold operation located in Sonora, Mexico. Co. has operations in Malaysia, Mexico and Canada.

Open the OCO.CA Page at The Online Investor »

Company Name: 
Goldgroup Mining Inc.
Website: 
www.goldgroupmining.com
Sector: 
Precious Metals
Company Name: 
Oroco Resource Corp
Website: 
www.orocoresourcecorp.com
Sector: 
Non-Precious Metals & Non-Metallic Mining
 

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