Mirasol Resources Ltd (TSXV:MRZ) announced that the sale of its 49 percent interest in the Joaquin silver-gold project located in Santa Cruz Province of Argentina to Coeur d’Alene Mines Corporation (NYSE:CDE, TSX:CDM), has closed for $60 million.
As quoted in the press release:
One-half of the purchase consideration was paid in cash at closing (US$29,000,015, with a US$1,000,000 holdback) and the balance was paid by the issue of 1,310,043 shares of unregistered common stock in the capital of Coeur, based upon a 10 day volume-weighted average price of US$22.90 per share .
|Otis Gold Corp. (TSXV:OOO) is a near-term producer with an NI 43-101 resource 520,000 ounces of drill-indicated gold at its Kilgore Project in Idaho. Work is scheduled to begin soon at the North Target area of the Kilgore Gold Project. Connect with Otis Gold Corp and never miss a catalyst.|