性爱无码高清电影|亚洲第一播放器|国产精品日日摸夜夜摸添孕妇|日本在线不卡免费|日韩A片大全在线观看|国产精品Av在线观看|欧美日韩另类一级二级|国产一区二区三区高清无码|成人网站在线观看视频|TS女神第一福利视频


Bacanora Announces Notice of Second Stage Option Exercise by Rare Earth Minerals

  • Tuesday, May 27, 2014
  • Source:ferro-alloys.com

  • Keywords:RE,rare earth,BACANORA MINERALS LTD
[Fellow][Ferro-Alloys.com] BACANORA MINERALS LTD. ("Bacanora" or the "Company") announced on May 26th that Rare Earth Minerals, Plc ("REM"), has provided written notice of the exercise its second stage option in respect of Joint Venture #2, confirming its desire to i...

[Ferro-Alloys.com] BACANORA MINERALS LTD. ("Bacanora" or the "Company")  announced on May 26th that Rare Earth Minerals, Plc ("REM"), has provided written notice of the exercise its second stage option in respect of Joint Venture #2, confirming its desire to increase its ownership therein from 10% to 30%.

In accordance with the Company's agreement with REM, the Company has received a payment of US$500,000 as part of this option exercise. REM now has up to six (6) months to provide an additional US$1 million, which is to be used for exploration and drilling expenditures over the following year. Upon receipt of this additional US$1 million, REM will have completed its second stage option exercise and will be entitled to an additional 20% stake in Bacanora's subsidiary that will hold the concessions under the Joint Venture #2. Joint Venture #2 applies in respect of the San Gabriel, Buenavista and Megalit concessions. 

  • [Editor:Yueleilei]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!