NSX Silver Announces Proposed Sale of Mexican Subsidiary


Bedford, Nova Scotia (FSCwire)NSX Silver Inc. (TSXV:NSY) (“NSX Silver”) announces that it has entered into a binding letter of agreement with an arm’s-length purchaser whereby NSX Silver has agreed to sell the shares of its Mexican subsidiary company, Compania Minera Oso Blanco SA de CV (“CMOB”), to the purchaser. The binding letter of agreement provides that upon closing, the purchaser will be responsible for all of CMOB’s liabilities and that CMOB will grant to NSX Silver a 2% net smelter return royalty on any future mineral production from the eleven mining concessions that CMOB presently owns.

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