Goldgroup to Pay $4.5M for Mexican Mine

The Globe and Mail reported that Goldgroup Mining (TSX:GGA) will pay $4.5 million for the Cerro Prieto gold and silver property in Mexico, owned by Oroco Resource Corp. (TSXV:OCO)

According to The Globe, the transaction has changed since it was first announced, due to a lower gold price.

As quoted by the market news:

[T]he two companies have also agreed on an amended and restated debt assignment and share purchase agreement, which includes a quarterly production royalty payment made to Oroco.

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