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Endeavour Silver Signs Definitive Agreement to Sell the El Cubo Mine in Guanajuato, Mexico to .
Endeavour Silver CorporationMarch 17, 2021 GMT
VANCOUVER, British Columbia, March 17, 2021 (GLOBE NEWSWIRE) Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) (“Endeavour”) announces that it has signed a definitive agreement to sell the El Cubo mine in Guanajuato, Mexico to VanGold Mining Corp. (“VanGold”) for $15 million in cash and share payments plus up to $3 million in contingent payments (all dollar amounts in USD unless otherwise noted).
VanGold will pay $15,000,000 to Endeavour as follows:
Vangold Mining Corp.: VanGold Signs Definitive Purchase Agreement with Endeavour Silver Corp.
VANCOUVER, BC / ACCESSWIRE / March
Company or
VanGold ) (TSXV:VGLD) is pleased to announce it has signed a definitive asset purchase agreement with Endeavour Silver Corp. (
Endeavour ) (NYSE:EXK) (TSX:EDR) to acquire the El Cubo mine and mill complex (the
El Cubo Complex ) located 8km by road northeast of the Company s El Pinguico silver-gold project near the city of Guanajuato, Mexico.
Closing the El Cubo Acquisition:
On March 16, 2021 the Company signed a definitive asset purchase agreement with Endeavour (the
Endeavour Agreement ) to acquire the El Cubo Complex, finalizing the binding letter agreement entered into by VanGold and Endeavour on December 17, 2020. VanGold anticipates completing the purchase of the El Cubo Complex from Endeavour by the end of March, 2021, with the signing of customary closing documents in Mexico and Canada.
VanGold Signs Definitive Purchase Agreement with Endeavour Silver Corp.
Transaction Anticipated to Close by End of March ~ VanGold Mining Corp is pleased to announce it has signed a definitive asset purchase agreement with Endeavour Silver Corp. to acquire the El Cubo mine and mill complex located 8km by road northeast of the Company’s El Pinguico silver-gold project near the city of Guanajuato, Mexico Closing the El Cubo Acquisition: On March 16, 2021 the Company signed a definitive …
~ Transaction Anticipated to Close by End of March ~
VanGold Mining Corp (the “Company” or “VanGold”) (TSXV:VGLD) is pleased to announce it has signed a definitive asset purchase agreement with Endeavour Silver Corp. (“Endeavour”) (NYSE:EXK) (TSX:EDR) to acquire the El Cubo mine and mill complex (the “El Cubo Complex”) located 8km by road northeast of the Company’s El Pinguico silver-gold project near the city of Guanajuato, Mexico
VanGold Signs Definitive Purchase Agreement with Endeavour Silver Corp tennesseedaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tennesseedaily.com Daily Mail and Mail on Sunday newspapers.
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Anticipates Endeavour Silver Corp. Becoming Largest Shareholder
This News Release is not for Distribution to U.S. Newswire Services or for Dissemination in the United States
VANCOUVER, BC / ACCESSWIRE / March 10, 2021 / VanGold Mining Corp (the
Company or
Units ) at a price of $0.30 per Unit announced December 23, 2020 (the
Private Placement ) and expanded on January 19, 2021, January 25, 2021, and February 17, 2021. The Company has issued a total of 56,500,000 Units for gross proceeds of $16,950,000 with each Unit consisting of one common share of the Company and one half (1/2) of a common share purchase warrant (each whole warrant a
Warrant ). Each Warrant entitles the holder to purchase an additional common share of the Company at a price of $0.45 within three years of closing, subject to acceleration in certain events.