Americas Silver Corporation Acquires Option on San Felipe Property in Sonora, Mexico

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1883-tsx/usa/29946-americas-silver-corporation-acquires-option-on-san-felipe-property-in-sonora-mexico.html

TORONTO–(BUSINESS WIRE)– Americas Silver Corporation (TSX: USA) (NYSE MKT: USAS) (“Americas Silver” or the “Company”) is pleased to announce that it has entered into an agreement with Impulsora Minera Santacruz S.A. de C.V. (“Impulsora”), a wholly-owned subsidiary of Santacruz Silver Mining Ltd. (“Santacruz”), (the “Option Acquisition Agreement”) to acquire an option agreement (the “San Felipe Option Agreement”) between Impulsora and Minera Hochschild Mexico S.A. de C.V. (“Hochschild”). By acquiring the San Felipe Option Agreement, the Company will have the right to acquire a 100% interest in the San Felipe property located in Sonora, Mexico (the “Property”) for total consideration of $15 million in cash, payable in two staged payments.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s