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Orea Signs Binding LOI to Acquire Extensive Gold Assets in Colombia
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Orea Mining Corp. ( Orea ) (TSX: OREA) (OTCQX: OREAF) (FRA: 3CG) is very pleased to announce the signing of a Binding Letter of Intent ( BLOI ) to acquire gold projects with an existing ore processing facility, including significant plant and equipment, in Colombia, South America.
The BLOI was signed with the sellers on December 21
st to acquire a 100% interest in 13 mining concessions in 3 separate blocks (the Project ) located in the Department of Bolivar, northern Colombia, South America;
The execution of the corresponding Definitive Agreement is subject to the successful completion of due diligence by Orea within 90 days from the signing of the BLOI;