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 »
Quotes delayed 20 minutes
|
