Orosur Mining Orosur Mining Inc. - Uruguay Update
November 12 2019 - 2:00AM
UK Regulatory
TIDMOMI
Orosur Mining Inc. ("Orosur" or "the Company") (TSX/AIM: OMI), a
South American-focused gold developer and explorer announces that
it has entered into a non-binding letter of intent to sell its
mining and exploration permits in Uruguay to IMC International
Mining Corp ("IMC") (CNSX:IMCX) for a US$1 million cash
consideration.
The Company has entered into a non-binding letter of intent to
sell its mining and exploration permits in the San Gregorio area of
Uruguay to IMC for a cash consideration of US$1 million, subject to
satisfactory completion of due diligence by IMC within 45 days. If
the sale is completed, the proceeds will be used to pay liabilities
in Uruguay in connection with the previously announced court
approved creditors' settlement agreement.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation ("MAR"). Upon the publication of this
announcement via Regulatory Information Service, this inside
information is now considered to be in the public domain. If you
have any queries on this, then please contact Ryan Cohen, VP
Corporate Development of the Company (responsible for arranging
release of this announcement on behalf of the Company) on: +1 (778)
373-0100.
About Orosur Mining Inc.
Orosur Mining Inc. (TSX: OMI; AIM: OMI) is a precious metals
developer and explorer focused on identifying and advancing gold
projects in South America. The Company operates in Colombia and
Uruguay.
About IMC
IMC International Mining Corp. is a junior exploration and
development company. It is focused on creating shareholder value
through the advancement of its assets which include the Bullard
Pass Property in Arizona. (http://internationalmining.ca/).
For further information, please contact:
Orosur Mining Inc
Ignacio Salazar, Chief Executive Officer
Ryan Cohen, VP Corporate Development
info@orosur.ca
Tel: +1 (778) 373-0100
SP Angel Corporate Finance LLP - Nomad & Joint Broker
Jeff Keating / Stephen Wong
Tel: +44 (0)20 3 470 0470
View source version on businesswire.com:
https://www.businesswire.com/news/home/20191111005725/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
November 12, 2019 02:00 ET (07:00 GMT)
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