Sell agreement
GoGold Announces Closing of C$65 Million Bought Deal Financing
Golden Minerals Enters into Agreement for the Sale of Velardeña and Other Properties
Golden, Colorado /Globe Newswire/ – June 27, 2019 – Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the Company”) announced today that it has entered into an agreement to sell certain of its Mexican properties to Compañía Minera Autlán S.A.B. de C.V. (MSE: AUTLANB) (“Autlán”) for US$22.0 million. Under the terms of the agreement, Autlán will have the option to purchase the Canadian holding company ECU Silver Mining, Inc. which owns three of the Company’s Mexican subsidiaries, which together hold the Velardeña properties, including the Velardeña and Chicago mines (currently on care and maintenance), the two processing plants, mining equipment and other adjacent exploration properties. The transfer would include the lease agreement pursuant to which the Company has leased the oxide plant to Minera Hecla, S.A. de C.V. through 2020. The proposed transaction also would include the sale of the Rodeo and the Santa Maria project concessions.
Alio Gold Sells Non-Core Assets for $19 Million
VANCOUVER, British Columbia, Oct. 16, 2018 (GLOBE NEWSWIRE) — Alio Gold Inc. (TSX, NYSE AMERICAN: ALO) (“Alio Gold” or the “Company”), today announced that it has entered into a definitive agreement to sell non-core assets, located 40 kilometers south of the Company’s Florida Canyon Mine in Nevada to Coeur Rochester, Inc., a wholly-owned subsidiary of Coeur Mining, Inc. (“Coeur”) (NYSE: CDE). The assets include those comprising the Lincoln Hill Project, Wilco Project, Gold Ridge Property and other nearby claims. Under the terms of the definitive agreement, the Company will receive total consideration of $19 million upon closing of the transaction (the “Transaction”), payable in shares of Coeur common stock (the “Consideration Shares”) valued based on a volume-weighted average stock price for the five (5) trading day period ending on the third trading day preceding the closing.
Santacruz Silver Enters Definitive Agreement to Sell Gavilanes Project to Marlin Gold for US$3.5 million
http://www.santacruzsilver.com/s/news_releases.asp?ReportID=799200
August 8, 2017 — Vancouver, B.C. — Santacruz Silver Mining Ltd. (TSX.V:SCZ) (“Santacruz”) and Marlin Gold Mining Ltd. (TSX.V:MLN) (“Marlin”) are pleased to announce that they have entered into a definitive agreement (the “Gavilanes Agreement”) pursuant to which Marlin, through its wholly-owned subsidiary, will acquire 100% of Santacruz’s interest in the Gavilanes Project in Durango, Mexico (the “Gavilanes Transaction”), for cash consideration of US$3.5 million, plus applicable value added taxes (“VAT”).
Santacruz has also agreed to settle the outstanding balance (the “Gavilanes Outstanding Balance”) owing on certain of the claims included in the Gavilanes Project by making a cash payment of US$500,000 and issuing 1,250,000 of common shares of Santacruz to the property vendor (the “Payment Shares”), plus all applicable VAT.
Pursuant to the terms of the Gavilanes Agreement, Marlin will advance US$580,000 to Santacruz within three business days of execution of said agreement as a refundable deposit (the “Deposit”) to fund the cash payment portion of the Gavilanes Outstanding Balance. The amount of the Deposit will be deducted from the purchase price otherwise payable by Marlin on closing of the Gavilanes Transaction. The Transaction is expected to close in August 2017.
Santacruz Silver Signs Letter of Intent to Sell Gavilanes Project for US$3.5 Million
http://www.santacruzsilver.com/s/news_releases.asp?ReportID=794294
Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (“Santacruz” or the “Company”) announces that it has signed a letter of intent (“LOI”) to sell its interest in the Gavilanes Project in Durango, Mexico to an arm’s length third party gold and silver producer (the “Purchaser”). The LOI contemplates the sale to the Purchaser of 100% of the Company’s interest in the Gavilanes Project for US$3.5 million plus applicable value added tax.
Gavilanes is located approximately 110km WNW of Durango City in the municipality of San Dimas in Durango State, Mexico. The property is located within the central part of the Sierra Madre Occidental and includes 10 mining concessions covering a total area of 8,832 hectares.
San Marco to Sell La Pinta 06 to a Subsidiary of Goldcorp
https://www.sanmarcocorp.com/news/2017/san-marco-to-sell-la-pinta-06-to-a-subsidiary-of-goldcorp/
Vancouver, B.C. – June 15th, 2017: San Marco Resources Inc. (SMN: TSX-V) has entered into an agreement to sell its La Pinta 06 concession in Zacatecas, Mexico to a subsidiary of Goldcorp. Inc. for $4,090,545 MXN ($225,000 USD) and a 1% net smelter return royalty on future production from the concession. Completion of the sale is subject to the approval of the TSX Venture Exchange.
The monies generated from the sale of La Pinta 06 concession, a non-core asset, will go into working capital as San Marco focuses on its recently announced drill program on its Chunibas project, trenching program on its Oregano project, further ground work surface sampling on its 1068 project and its on-going generative program.
Completion of the Campo Morado mine sale for a total cash consideration of USD 20 million
14 June 2017 at 07:00 CET
Nyrstar NV (“Nyrstar”) today announces that it has successfully completed the sale of its Campo Morado mine in Mexico to Telson Resources Inc. and Reynas Minas S.A. de C.V. for a total cash consideration of USD 20 million (the “Consideration”), plus the potential for additional future proceeds through a variable purchase price agreement linked to production at the Campo Morado mine (the “Transaction”)..
As previously announced, the share purchase agreement for the Transaction was entered into on 27 April 2017 and had a number of customary conditions precedent that needed to be satisfied before the Transaction could complete.
Sonoro Receives Chipriona Sale Proceeds from Agnico Eagle
VANCOUVER, June 1, 2017 /CNW/ – Sonoro Metals Corp., (“Sonoro” or the “Company”) (TSXV: SMO), is pleased to announce that it has received the balance of the $4,000,000 proceeds from Agnico Sonora, S.A. de C.V. (“Agnico”), a subsidiary of Agnico Eagle Mines Limited, for the sale of the Company’s Chipriona project in Mexico under an assignment agreement, details of which were disclosed in the Company’s news releases dated December 14, 2016 and December 22, 2016.
The current and final payment of $3,350,000 supersedes the three previously proposed sequential installments that were to be paid following certain conditions that have now been fully satisfied through the registration of title to the Chipriona concessions under Agnico at Mexico’s Public Registry of Mining. Sonoro has no further interest in the Chipriona concessions, save and except for its retention of a 1% net smelter returns royalty (“NSR”). The NSR may be purchased by Agnico at any time for $1,500,000.
This disposition by the Company has been accepted for filing by the TSX Venture Exchange.
Nyrstar announces sale of Campo Morado mine for a total cash consideration of USD 20 million
Nyrstar NV (“Nyrstar” or the “Company”) today announces that it has entered into a Share Purchase Agreement (the “Agreement”) to sell its Campo Morado mine in Mexico to Telson Resources Inc. (“Telson”) and Reynas Minas S.A. de C.V. (“Reynas Minas”) for a total cash consideration of USD 20 million (the “Consideration”), plus the potential for additional future proceeds through the creation of a new royalty on the Campo Morado mine (the “Transaction”).
Telson is a Canadian based junior resources company and trades on the TSX Venture Exchange under the symbol TSN. Pursuant to the Agreement, Telson will own 99.9% of the purchased shares while Reynas Minas, a Mexican based mining consulting company, will own the other 0.1%.
The Consideration payable to Nyrstar consists of USD 0.8 million that was paid to Nyrstar upon signing the Agreement, USD 2.7 million payable in cash by the closing of the Transaction, and USD 16.5 million payable in cash on or before the 12 month anniversary of the closing of the Transaction. Closing of the Transaction is subject to customary closing conditions and is expected to occur by Q3 2017.
BMO Capital Markets Limited and Lazard & Co. are acting as financial advisors to Nyrstar in connection with the Transaction.