Quetzal Energy Sells Horden Lake Property

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.