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Capella Completes Sale of Minera Mariana Argentina S.A.
Capella Completes Sale of Minera Mariana Argentina S.A. Canada NewsWire ...
About this update from Capella Minerals Limited
[{"type":"text","content":"\n \n \n \n Capella Completes Sale of Minera Mariana Argentina S.A.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Jan. 7, 2021\n \n /CNW/ - Capella Minerals Ltd. (TSXV: CMIL) (FRA: N7D2) (the \"Company\" or \"Capella\") is pleased to announce that, further to its News Release dated\n \n October 28, 2020\n \n , it has entered into a Share Purchase Agreement with Cerrado Gold Inc. (\"Cerrado\") pursuant to which Capella will sell its 100% interest in its Argentine subsidiary,\n \n Minera Mariana Argentina S.A\n \n . (\"Minera Mariana\"), to Cerrado (the \"Transaction\").\n \n Minera Mariana\n \n is the owner of the Las Calandrias and Los Cisnes gold-silver projects, in addition to a portfolio of exploration concessions located in the Eastern Deseado Massif,\n \n Santa Cruz Province\n \n , southern Argentina. The terms of the Transaction were announced in the Company's News Release dated\n \n October 28, 2020\n \n . Under the terms of the Share Purchase Agreement, Capella will receive 1,125,000 Cerrado shares on closing of the Transaction, expected to be during\n \n January 2021\n \n , subject to upward adjustment in certain circumstances.\n \n \n \n Eric Roth\n \n , Capella's President and CEO, commented today: \"I am very pleased to be announcing today the signing of the Share Purchase Agreement with Cerrado for\n \n Minera Mariana\n \n . The Las Calandrias gold-silver project particularly is expected to benefit greatly from the exploration and operational expertise of Cerrado's team at the adjacent\n \n Minera Don Nicolas\n \n (MDN) gold mine, with its geographical proximity to MDN's mining/processing operations at Paloma and Martinetas providing Las Calandrias with potential synergies for future development.\n \n \n With the divestiture of the Company's Argentine assets completed upon closing of the Transaction, we will be able to focus all of our attention on advancing our three high-grade gold projects (the Southern Gold Line Project in\n \n Sweden\n \n , plus the\n \n Savant Lake\n \n and D...