Business
The Mineral Company LTD filed 8-K Form announcing important acquisitions
The Mineral Company LTD filed 8-K Form announcing important acquisitions.
About this update from Indo Global Exchanges Pte Ltd
[{"type":"text","content":"Greenwood Village, CO – February 11, 2022 – The Mineral Company Ltd. (f/k/a Indo Global Exchange(s) Pte. LTD) (the “Company”) (OTC PINK:IGEX) is pleased to announce that the Company has filed two (2) SEC Form 8-K after acquiring two very important and strategic assets, which are critical to the success of the anticipated fusion/merger between Igex, a European publicly traded company and well established leader in the lithium and energy storage, and a Spanish company involved primarily in the graphene manufacturing industry. The parties have been working hard on this strategic fusion/merger, and the assets acquisition, which are essential to the successful development of the premier center for manufacturing, storage, and shipping of minerals with emphasis in lithium, graphene, and its derivatives in Southern Europe. Engineers and architects are already retained to work on all necessary plans and permits with the goal to break ground in less than 6 months aiming at having the first phase of the project completed and operational by year-end 2022. The lot(s) are located in an already approved \"urban\" zone, thus not requiring rezoning applications. The construction of the center is permitted under the current zoning. The first 8-K was filed on February 2, 2022, to report the acquisition of a a 50,000 sqm (or 538,196 SQ FT) lot located in Jumilla, Spain for a total of €300,000.00 plus approximately an 11% RE tax assessment. The property is worth approximately €980,000 as reported independently by “Arquitasa” (Sociedad de Tasación), which has been homologated by “Banco de España.” The transaction was financed by the Seller, in a 7-year term loan at 2% per annum, guaranteed by one of Igex Preferred Shareholder. The Source of repayment will from revenues generated. IGEX filed a second SEC 8-K Form to report the acquisition of water rights over the above referenced lots, underground water reservoir, and existing extraction station, including 2 industrial water pumps for a total of €100,000.00. The transaction was financed by the seller at a 2% interest per annum for a period of 84 months. This tr...