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Lone Star Gold, Inc. Announces New Gold-Silver Exploration Project in Mexico
Sep. 26, 2011 07:42PM PST
Silver InvestingLone Star Gold, Inc. (OTC:LSTG) announced it will purchase a majority interest in two Mexican gold-silver properties.
Lone Star Gold, Inc. (OTC:LSTG) announced it will purchase a majority interest in two Mexican gold-silver properties.
The press release is quoted as saying:
The Company would incrementally transfer a total of 425,000 shares of Lone Star’s common stock over a 2-year period following the signing of the Definitive Option to Purchase. The deal also includes a 3% Net Smelter Royalty (NSR), with a 2% NSR buy-out option for $2,000,000 (the owners would retain a 1% NSR).
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