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Cuervo Resources Inc.’s Funding Partner Receives Shootout Counter-Offers
Oct. 19, 2012 07:47AM PST
Base Metals Investing 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.
Click here to read the Cuervo Resources (CNSX:FE) press release
Click here to see the Cuervo Resources (CNSX:FE) profile
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