Precious Metals M&A » By The Online Investor Staff, updated Mon., Feb. 6, 12:51 AM
Recent mergers and acquisitions in the Precious Metals M&A category.
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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 »
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