Royal Road Minerals Limited: Royal Road Minerals Enters into Binding Letter of Intent for the Sale of Its 50% Interest in the Luna Roja Gold Project in Nicaragua
Royal Road or the
Letter
Agreement ) with Mineros S.A. (
Mineros ), pursuant to which the Company has agreed to sell to Mineros its entire 50% interest in the Luna Roja Project, comprising the Monte Carmelo I and Monte Carmelo II mining concessions, in Nicaragua. The Luna Roja Project is currently jointly owned and operated by the Company and Hemco -Nicaragua,S.A. ( Hemco ), a wholly-owned subsidiary of Mineros, pursuant to the terms of a strategic alliance agreement (the