Cuervo Resources (CNSX:FE) reported that Strike Resources Limited, a significant stakeholder, issued a press release dated October 17, 2012 detailing various offers received by Strike in connection with its interest in Apurimac Ferrum S.A.
As quoted in the press release:
Highlights of Strike’s press release are as follows:
- Strike received three counter-offers to the shoot-out process to acquire Strike’s 50.1% interest in Apurimac Ferrum S.A.
- The highest counter-offer, which is from D&C Pesca S.A.C. pays Strike a total cash consideration of approximately US$ 62 million.
- Closing of this transaction is anticipated in early November, 2012.