Mala Noche Signs San Dimas Definitive Purchase Agreements

- August 2nd, 2010

Mala Noche Resources Corp. (TSX VENTURE:MLA) (to be renamed “Primero Mining Corp.”) announced that it has signed a definitive asset purchase agreement and share purchase agreement with subsidiaries of Goldcorp Inc. in relation to the previously announced acquisition of 100% of the San Dimas gold-silver mine in Mexico. Closing will occur as soon as practicable.

Mala Noche Resources Corp. (TSX VENTURE:MLA) (to be renamed “Primero Mining Corp.”) announced that it has signed a definitive asset purchase agreement and share purchase agreement with subsidiaries of Goldcorp Inc. in relation to the previously announced acquisition of 100% of the San Dimas gold-silver mine in Mexico. Closing will occur as soon as practicable.

The press release is quoted as saying:

The purchase price of US$510 million is to be comprised of US$216 million in cash, US$184 million in shares of the Company (representing approximately 36%), a US$60 million convertible note and a US$50 million 5-year note all payable to the Vendors.

Click here to access the entire press release

Click here to access Mala Noche Resources Corporate Site

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