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Kootenay Silver Acquires NSR from Coeur Capital on La Cigarra Project
Mar. 29, 2016 07:43AM PST
Silver Investing
Kootenay Silver (TSXV:KTN) announced that it has signed an agreement with Coeur Capital, Inc. to acquire its 2.5% net smelter return royalty on future production from Northair Silver Corp.’s La Cigarra project, located in Chihuahua, Mexico. The Acquisition is subject to the acceptance of the TSX Venture Exchange. Kootenay Silver President and CEO, James McDonald, stated: We …
Kootenay Silver (TSXV:KTN) announced that it has signed an agreement with Coeur Capital, Inc. to acquire its 2.5% net smelter return royalty on future production from Northair Silver Corp.’s La Cigarra project, located in Chihuahua, Mexico. The Acquisition is subject to the acceptance of the TSX Venture Exchange.
Kootenay Silver President and CEO, James McDonald, stated:
We are very pleased to have the opportunity to consolidate the ownership of the royalty at this time. Given our belief in La Cigarra’s silver resources and the potential for additional discoveries the opportunity to repurchase the royalty is beneficial to the project.
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