Rox Resources Limited (ASX:RXL) and its joint venture partner Venus Metals Corporation Limited (ASX:VMC) are pleased to advise that they have entered into a binding agreement to consolidate their respective ownership interests in the Youanmi Gold Project in Western Australia.
MMTP , also commercially known as
Latitude Silver ) are pleased to announce that
MMTP Finco Inc. (
MMTP Finco ), a wholly-owned subsidiary of Latitude Silver, has closed its previously announced best-efforts private placement (the
Offering ) of subscription receipts (
$0.60 per Subscription Receipt for total gross proceeds of
$14,189,571
. Each Subscription Receipt will automatically convert into one common share in the capital of MMTP Finco (each, a
MMTP Finco Share ) upon the satisfaction of the Escrow Release Conditions (as herein defined).
Closing of the Offering is a condition precedent to the completion of the business combination (the
Transaction ) announced by Oro X and Latitude Silver on
MMTP , also commercially known as Latitude Silver ) are pleased to announce the signing of a business combination agreement (the
Business Combination Agreement ). Pursuant to the Business Combination Agreement, Oro X will acquire 100% of the issued and outstanding shares of MMTP (the
Transaction ).
With a team led by CEO Jose Garcia, Executive Chairman Luis Zapata, and Lead Advisor Paul Matysek, Silver X will be Latin America s next low-cost silver producer. The combination of Oro X s and MMTP s teams, assets and operational experience creates a growth-focused platform primed to consolidate the fragmented Peruvian silver landscape.
Upgrading and expanding MMTP s Nueva Recuperada inferred resource pursuant to a NI 43-101 Technical Report for Recuperada Project, Peru with an effective date of October 15, 2020 (the