The Prospector News

GR Silver Mining Closes Settlement with Mako Mining

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

GR Silver Mining Closes Settlement with Mako Mining

 

 

 

 

 

GR Silver Mining Ltd. (TSX-V: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) is pleased to announce that the Waiver and Release Agreement with Mako Mining Corp. announced February 15, 2024 (see news release) has now closed. Pursuant to the Agreement, Mako has paid to GR Silver Mining a total of USD$960,000, satisfied in full by the payment to GR Silver Mining of USD$500,000 cash and, following receipt of the required approval of the TSX Venture Exchange, the issuance and delivery to GR Silver Mining of 296,710 common shares of Mako at a deemed price of $2.1007 per share (US$460,000; C$623,300). The shares will be subject to a four-month regulatory hold period from the date of issuance.

 

About GR Silver Mining Ltd.

 

GR Silver Mining is a Canadian-based, Mexico-focused junior mineral exploration company engaged in cost-effective silver-gold resource expansion on its 100%-owned assets, located on the eastern edge of the Rosario Mining District, in the southeast of Sinaloa State, Mexico. GR Silver Mining controls 100% of two past producer precious metal underground and open pit mines, within the expanded Plomosas Project, which includes the integrated San Marcial Area. In conjunction with a portfolio of early to advanced stage exploration targets, the Company holds 734 km2 of concessions containing several structural corridors totaling over 75 km in strike length.

 

Posted April 1, 2024

Share this news article

MORE or "UNCATEGORIZED"


PPX Mining Announces Closing Of $1.35 Million Private Placement

PPX Mining Corp. is pleased to announce that it has closed its fu... READ MORE

April 19, 2024

Elevation Gold Reports Financial Results for Year Ended December 31, 2023, including $66.4M in Total Revenue

Elevation Gold Mining Corporation (TSX-V: ELVT) (OTCQB: EVGDF) i... READ MORE

April 18, 2024

Reunion Gold Announces the Signing of a Mineral Agreement With the Government of Guyana for Its Oko West Project

Reunion Gold Corporation (TSX-V: RGD; OTCQX: RGDFF) is pleased to announ... READ MORE

April 18, 2024

Drilling Confirms 4 km of Favourable Corridor at Lynx Gold Trend

Puma Exploration Inc. (TSX-V: PUMA) (OTCQB: PUMXF) is thrilled to... READ MORE

April 18, 2024

Grid Metals Intersects 7 m at 1.28% Li2O at over 125 m Below the Previously Deepest Drill Holes at Donner Lake; Provides Project Update

Grid Metals Corp. (TSX-V:GRDM) (OTCQB:MSMGF) is pleased to announ... READ MORE

April 18, 2024

Copyright 2024 The Prospector News