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GR Silver Mining Revisits Marlin Gold Disposition, Enhancing Financial Position
GR Silver Mining Revisits Marlin Gold Disposition, Enhancing Financial Position Canada ...
About this update from Gr Silver Mining Ltd.
[{"type":"text","content":"\n \n \n \n GR Silver Mining Revisits Marlin Gold Disposition, Enhancing Financial Position\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 \n VANCOUVER, BC\n \n \n ,\n \n \n June 28, 2024\n \n \n /CNW/ -\n \n GR Silver Mining Ltd.\n \n (\"\n \n GR Silver Mining\n \n \" or the \"\n \n Company\n \n \") (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) – is pleased to announce that the Company and a private, arm's-length Canadian company active in\n \n Mexico\n \n (\"\n \n PrivateCo\n \n \") have signed on\n \n June 27, 2024\n \n , a definitive and binding Share Purchase Agreement (the \"\n \n Agreement\n \n \") pursuant to which PrivateCo will acquire 100% of the issued and outstanding shares of Marlin Gold Mining Ltd. (\"\n \n Marlin\n \n \") from GR Silver Mining. Marlin is a private\n \n British Columbia\n \n company, 100% owned by GR Silver Mining. Marlin owns, amongst other assets, Oro Gold de\n \n Mexico\n \n , S.A. de C.V. (\"\n \n \n Oro Gold\n \n \n \"), a private Mexican company that owns 100% of nine non-core concessions (\"\n \n Other Concessions\n \n \"), including the past producing\n \n La Trinidad\n \n mine, located adjacent to GR Silver Mining's core Plomosas Project.\n \n \n Pursuant to the Agreement, GR Silver Mining will transfer to PrivateCo all existing assets and rights, as well as all outstanding undertakings, covenants, indemnities and obligations, of Marlin and its subsidiaries, including\n \n Oro Gold\n \n , in consideration for which GR Silver Mining will receive a 0.5% NSR Royalty on the Other Concessions owned by\n \n Oro Gold\n \n (as shown in Figure 1) and a 10-year first right of refusal on any disposition of Other Concessions by PrivateCo. The transaction is expected to close within one month.\n \n \n The disposition of Marlin and its subsidiaries allows GR Silver Mining to focus on resource growth and the potential development of the Company's core Plomosas Project (78 km\n \n 2\n \n ) (as shown in Figure 1), including the San Marcial, Plomosas Mine, and San Juan Areas. In addition, the Comp...