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DynaResource, Inc. Reports the Signing of a 20 Year Land Lease Agreement Between Mineras de DynaResource and the Santa Maria Ejido Community Surrounding San Jose de Gracia
DynaResource, Inc. Reports the Signing of a 20 Year Land Lease Agreement Between Mineras de DynaResource and the Santa Maria Ejido Community Surrounding San Jose de Gracia.
About this update from Dynaresource, Inc.
[{"type":"text","content":"\n \n \n DynaResource, Inc. Reports the Signing of a 20 Year Land Lease Agreement Between Mineras de DynaResource and the Santa Maria Ejido Community Surrounding San Jose de Gracia\n \n \nDynaResource, Inc. Reports the Signing of a 20 Year Land Lease Agreement Between Mineras de DynaResource and the Santa Maria Ejido Community Surrounding San Jose de Gracia\n \n IRVING, TX--(Marketwired - Jan 13, 2014) -  DynaResource, Inc. (OTCQB: DYNR) (\"DynaUSA\", and \"the Company\") announces the signing of a 20 year land lease agreement (The \"20 Year Land Lease\") between Mineras de DynaResource S.A. de C.V. (\"Mineras\"), the 100% owned subsidiary of DynaUSA and the Operator of the San Jose de Gracia Property in northern Sinaloa, México (\"SJG\"), with the Santa Maria Ejido Community (\"SJG Ejido\") surrounding SJG.\n The 20 Year Land Lease is dated January 6, 2014 and continues through 2033. It covers an area of 4,399 hectares surrounding the main mineral resource areas of SJG, and provides for annual lease payments by Mineras of $ 1,359,443 Pesos (approx. $ 104,250.USD), commencing in 2014. Additionally, under the description of the 20 Year Land Lease, Mineras expects to construct a Medical Facility at SJG in year 2014, and a Community Center in year 2015.\n Mr. K.D. Diepholz, Chairman-CEO of DynaUSA and President of Mineras, said: \"I would like to express my appreciation to the Members of the Board of Directors of the Santa Maria Ejido, and to the hundreds of local SJG Ejido members, for placing their trust and confidence in Mineras. And, I would like to thank Ing. Jose de Jesus Leon Valenzuela, the Sinaloa State Representative of the Federal Mexican Procuraduria Agrarian Agency ('Subdelegado Operativo de la Delegacion Federal Procuraduria Agraria') for his advice and assistance in structuring the 20 Year Land Lease. I have enjoyed my direct working relationship with the SJG Ejido for the past 10 years, and I look forward to working directly with the SJG Ejido members in the future as Mineras continues to advance the SJG Project. And, I look forward with excitement to Mineras assisting the SJG Ejido with the plans of improving the local community and surrounding areas. Mineras will continue to plan and execute the next advances at SJG under the terms of the Exploitation Amendment Agreement ('EAA') with DynaResource de...