Business
Eco Oro Minerals announces closing of previously announced asset purchase transaction with Sociedad Minera de Santander S.A.S.
VANCOUVER, Sept. 13, 2018 /CNW Telbec/ - Eco Oro Minerals Corp. (CSE: EOM) (the "Company") is pleased to announce that, on September 13, 2018, the sale to Socie
About this update from Eco Oro Minerals Corp.
[{"type":"text","content":" VANCOUVER, Sept. 13, 2018 /CNW Telbec/ - Eco Oro Minerals Corp. (CSE: EOM) (the \"Company\") is pleased to announce that, on September 13, 2018, the sale to Sociedad Minera de Santander S.A.S. (\"Minesa\") of the Company's interests in certain mining and land titles located in the Santander Department of Colombia, along with technical information and ancillary assets relating to the mining licenses, closed in escrow. This transaction was in connection with a previously announced asset purchase agreement dated July 6, 2018 (the \"Agreement\"). The two mining titles included in the Agreement are mineral claim 0127-68 and such mineral claim resulting from claim 13921. These titles are unrelated to Eco Oro's Angostura Project and Concession 3452, which are the subject of Eco Oro's ongoing arbitration against the Republic of Colombia and in relation to which Minesa has acquired no interest. Pursuant to the terms of the Agreement, Minesa placed the aggregate purchase price of US$5,000,000 into an escrowed account, to be released upon the receipt of local government approvals for the transfer of the assets and the satisfaction of other conditions set out in the Agreement. Company Profile Eco Oro Minerals Corp. is a publicly-traded company and its arbitration against the Republic of Colombia is its core focus. Forward-Looking Statements This news release includes \"forward-looking information\" and \"forward-looking statements\" (collectively, \"forward-looking statements\") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements that involve known and unknown risks and uncertainties. Forward-looking statements are generally, but not always, identified by the words \"expects\", \"plans\", \"anticipates\", \"seeks\", \"claims\", \"asserts\", \"in the event\", \"if\", \"believe\", \"assets\", \"position\", \"intends\", \"envisages\", \"assumes\", \"recommends\", \"estimates\", \"approximate\", \"projects\", \"potential\", \"indicate\" and similar expressions, or that events or conditions \"will\", \"would\", \"may\", \"could\" or \"should\" occur. Forward-looking statements are necessarily based upon the current belief, opinions and expectations of management that, while considered reasonable by the Company, are inhe...