Guerrero Exploration Inc. (TSXV:GEX) announces that it has acquired all of the issued and outstanding shares of Pinette Copper Corp.
As quoted in the press release:
The Corporation also issued 4,080,000 common shares at a deemed price of $0.05 per share to insiders to settle any obligations it may have under two existing consulting agreements. The Corporation will also pay a finder’s fee of 1,250,000 shares to a third party. These 5,330,000 common shares will be subject to trading restrictions until May 2, 2013.
Guerro’s President and CEO, David Stadnyk, said:
The company looks forward to unlocking further value at this district scale land package of promising precious metal targets. In addition, the Company is exited with its potential work program and exploration plans for Mexico .