New Pacific Metals Corp Gets Conditional Approval for Acquisiton of RZY Silver-Lead-Zinc Project

New Pacific Metals Corp (TSX:NUX) is pleased to announce that they have received conditional approval from the TSX for their acquisition of an interest in the RZY Silver-Lead-Zinc project in Qinghai Province, China.

As quoted in the press release:

The Acquisition will involve the Company acquiring a majority interest in Silvercorp Metals Inc.’s wholly owned subsidiary, Fortress Mining Inc. (“FMI”) pursuant to the terms of an agreement dated December 14, 2012 (the “Agreement”). The Acquisition is a related party transaction.

To view the whole press release, click here.