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Copper One Acquires Option to Purchase the Las Morras Gold Project
Nov. 15, 2017 08:54AM PST
Base Metals Investing Copper One Inc. (TSX VENTURE:CUO) (“Copper One” or the “Company”) has acquired an option to purchase a 100% interest in the Las Morras gold project (the “Project”) from Emerita Resources Corp. (“Emerita”) pursuant to a binding letter agreement dated November 10, 2017 (the “Agreement”) between Copper One and Emerita. The Project is located in the …
Copper One Inc. (TSX VENTURE:CUO) (“Copper One” or the “Company”) has acquired an option to purchase a 100% interest in the Las Morras gold project (the “Project”) from Emerita Resources Corp. (“Emerita”) pursuant to a binding letter agreement dated November 10, 2017 (the “Agreement”) between Copper One and Emerita. The Project is located in the Extremadura region of Spain.
As quoted in the press release:
The Option
Pursuant to the Agreement, Emerita has granted to Copper One an option (the “Option”) to acquire a 100% interest in the Project. As consideration for the Option, Copper One has paid $25,000 to Emerita in cash and shall pay an additional $75,000 in cash to Emerita on or before January 10, 2018.
