Business
Roberto Resources Enters into Binding Letter Agreement to Acquire 100% of the Claudia Gold and Silver Project
Vancouver, British Columbia--(Newsfile Corp. - June 30, 2025) - Roberto Resources Inc. (CSE: RBTO) ("Roberto" or the "Company") is pleased to announce the signi
About this update from Pacifica Silver Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 30, 2025) - Roberto Resources Inc. (CSE: RBTO) (\"Roberto\" or the \"Company\") is pleased to announce the signing of a binding letter agreement (the \"Letter Agreement\") to acquire the Claudia Project (the \"Acquisition\"), a low sulfidation epithermal gold-silver exploration property (the \"Project\") in the historic El Papanton mining district in Durango, Mexico from Durango Gold Corp., an arms-length private company (\"Durango\"). The Letter Agreement supersedes the previously entered into non-binding letter of intent (the \"LOI\") (see news releases dated February 18, 2025 and June 26, 2025). Terms of the Transaction Under the terms of the Letter Agreement, the Company has agreed to acquire all of the issued and outstanding shares of Cielo Azul Resources, S.A. de C.V. (\"Azul\"), a subsidiary of Durango that holds the surface concessions of the Project. In consideration of Azul, the Company will: (a) Pay to Durango US$25,000 cash at Closing (the \"Closing Cash Payment\"); (b) Issue to Durango 10,000,000 common shares on Closing (the \"Consideration Shares\"), subject to a restriction on resale for a period of twelve (12) months (the \"Restriction Period\"); (c) Assume US$651,453 in current accounts payables associated with holding the Project, which includes payroll costs of US$25,940, third party costs of US$156,236 and mineral concession payments of US$469,277; (d) Assume the obligation to make bonus payments to Silverstone, if a Measured and Indicated Resource is disclosed ranging from 1 to 500,000 ounces of gold or gold equivalent (payment of US$7.0 million), 500,001 to 1,000,000 ounces of gold or gold equivalent (payment of an additional US$10.0 million), and 1,000,001 to 1,500,000 ounces of gold or gold equivalent (payment of an additional US$2.0 million). The agreement allows for the gold discovery payments to be paid 50% in company shares and 50% in cash. If the Company is unable to publish a Technical Report disclosing Measured or Indicated Resources by December 31, 2029, the Project must be returned to Silverstone. The Company believes that Durango intends to distribute the Consideration Shares ratably to its shareholders subject to applicable securities laws. If the Consideration Shares are distributed to the Durango shareholders prior to the end of the Restri...