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Salazar Acquires Mariana and Its Gold Project in Loja Province, Ecuador
Dec. 05, 2010 11:55PM PST
Gold InvestingSalazar Resources Ltd. (CVE:SRL) acquires 100% of the shares of Mariana S.A. Comador including its 100% ownership of the 2350 hectare Santiago concession.
Salazar Resources Ltd. (TSXV:SRL) acquires 100% of the shares of Mariana S.A. Comador including its 100% ownership of the 2350 hectare Santiago concession.
The press release is quoted as saying:
To complete the acquisition the Company will pay all government tenure costs and make four cash payments of US $10,000 and issue 150,000 common shares of the Company. In addition the Company has agreed to a 1.5% NSR (Net Smelter Return); of which 50% can be purchased for a cash payment of US $850,000.
Click here to access the entire press release