Orko Silver Corp. has acquired a 100% interest in the San Juan Property from Silver Standard Resources Inc. for US $250,000, a strategic move aimed at enhancing their La Preciosa project.
Target Information
Orko Silver Corp. has reached an agreement with Silver Standard Resources Inc. to acquire a 100% interest in the San Juan Property, strategically located immediately west of Orko Silver's existing La Preciosa project. This acquisition entails the transfer of the final 25% interest in the San Juan Property, which Orko did not previously control.
The total consideration for this transaction is set at US $250,000, paid through the issuance of Orko Silver capital stock, with each share valued at CA $1.03. The agreement remains subject to the approval of the TSX Venture Exchange, and shares issued will have a resale restriction of four months plus one day, adhering to applicable Canadian securities regulations.
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Industry Overview
The silver mining industry in Mexico has garnered a strong reputation, with the country being one of the world's leading producers of silver. This metal is not only a vital
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Orko Silver Corp.
invested in
San Juan Property
in 2009
in a Buy & Build / Roll-Up deal
Disclosed details
Transaction Size: $0M