Canamex Resources Corp. (TSXV:CSQ,OTCQX:CNMXF,FWB:CX6) issued a total of 1,000,000 common shares to GMV Minerals Inc. for the Aranka North property Option and Joint Venture Agreement.
As quoted in the press release:
Canamex, through its wholly-owned subsidiary Canamex Guyana Inc., was granted an option to acquire up to a 100% interest in the Aranka North property by making cash payments to GMV totaling US$520,628, expending US$1,000,000 in exploration work on the property before December 31, 2013 (the Company expended over US$1 million, so the expenditure obligation has been met), and issuing a total of 3,750,000 shares to GMV, all of which have now been issued. The Company now owns 100% interest in the Aranka North property.
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