Mindoro, Red Mountain Mining, Sign Gold Asset Sale Agreement

Mindoro Resources Ltd. (TSXV:MIO) and Red Mountain Mining (ASX:RMX) have signed a binding Share Sale agreement for the sale of Mindoro’s Batangas and Tapian San Francisco gold and copper-gold assets in the Philippines.

Mindoro President and CEO Jon Dugdale commented:

Signing the gold assets Share Sale Agreement and subsequently the loan facility with RMX means we can now commence drilling, targeting potential high-grade gold feeder zones at Batangas. We look forward to completing the transaction and, through our potential majority shareholding in RMX, growing the resource base and commencing a development scoping study at Batangas.

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