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Quetzal Energy Ltd. (TSXV:QEI) has finished the sale of its Horden Lake Property to El Condor Minerals Inc.
Quetzal Energy Ltd. (TSXV:QEI) has finished the sale of its Horden Lake Property to El Condor Minerals Inc.
As quoted in the press release:
On December 19, 2011, pursuant to an amended and restated purchase agreement between Quetzal and El Condor, El Condor acquired Quetzal’s interest in its Horden Lake Property. El Condor paid $2,000,000 in cash and issued 16,666,667 common shares to Quetzal at a price of $0.12 per share for a total aggregate purchase price of $4,000,000.
Click here to read the Quetzal Energy Ltd. (TSXV:QEI) press release.