Business
GR Silver Mining and Mako Amend Definitive Agreement date to January 31, 2021
GR Silver Mining and Mako Amend Definitive Agreement date to January 31, 2021 C...
About this update from Mako Mining Corp.
[{"type":"text","content":"\n \n \n \n GR Silver Mining and Mako Amend Definitive Agreement date to January 31, 2021\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 Dec. 29, 2020\n \n /CNW/ -\n \n GR Silver Mining Ltd.\n \n (TSXV: GRSL) (FRANKFURT: GPE) (OTCQB: GRSLF)\n \n (\"GR\n \n \n Silver Mining\" or the \"Company\")\n \n and Mako Mining Corp. (\"Mako\" \"@MakoMiningCorp\") have agreed to amend their Letter of Intent (\"LOI\") dated\n \n December 12, 2019\n \n , to extend the date by which they are required to sign a Definitive Agreement to\n \n January 31, 2021\n \n .  Pursuant to the LOI, GR Silver and Mako agreed to negotiate an arm's length transaction whereby GR Silver would acquire 100% of the issued and outstanding shares of Marlin Gold Mining Ltd from Mako and to enter into a Definitive Agreement on or before\n \n December 31, 2020\n \n (\n \n News release dated\n \n December 17, 2019\n \n \n ).\n \n \n \n \n \n \n \n \n \n \n GR Silver Mining President and CEO,\n \n Marcio Fonseca\n \n , commented,\n \n \n \"The Company and Mako are continuing to work towards finalizing the formal agreement and we believe this extension will provide us with the time required to come to final terms on the transaction.\"\n \n \n \n \n About GR Silver Mining Ltd\n \n .\n \n \n GR Silver Mining Ltd. is a\n \n Mexico\n \n -focused company engaged in cost-effective silver-gold resource expansion on its key assets which lie on the eastern edge of the Rosario Mining District,\n \n Sinaloa, Mexico\n \n .\n \n \n \n PLOMOSAS SILVER PROJECT\n \n \n \n GR Silver Mining owns 100% of the Plomosas Silver Project located near the historic mining village of\n \n La Rastra\n \n , within the Rosario Mining District. The Project is a past-producing asset where only one mine, the Plomosas silver-gold-lead-zinc underground mine, operated from 1986 to 2001. The Project has an 8,515-hectare property position and is strategically located within 5 km of the Company's San Marcial Silver Project in the southeast of Sinaloa State,\n \n Mexico\n \n .\n \n...