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Roberto Resources Provides Additional Information on Its Proposed Transaction for the Claudia Gold and Silver Project
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2025) - Roberto Resources Inc. (CSE: RBTO) ("Roberto" or the "Company"). As a result of a review by the
About this update from Pacifica Silver Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 26, 2025) - Roberto Resources Inc. (CSE: RBTO) (\"Roberto\" or the \"Company\"). As a result of a review by the British Columbia Securities Commission, the Company is issuing the following press release to clarify its disclosure on its proposed acquisition of the Claudia Project, located in the historic El Papanton mining district in Durango, Mexico (the \"Project\"). The Company announces that it entered into an extension agreement dated March 31, 2025 with Durango Gold Corp. (\"Durango\") to extend the due diligence period of the previously announced non-binding letter of intent (\"LOI\") to acquire the Claudia Project from Durango. The extension of the LOI permits the Company to continue its due diligence of Durango and the Project until June 30, 2025. In addition, on June 25, Durango successfully negotiated and signed an updated agreement with previous owner, being Silverstone Resources, S.A. de C.V. (\"Silverstone\"), related to the gold discovery premium (described below). Terms of the Transaction Under the LOI, the Company and Durango have agreed to settle the terms of a purchase agreement (the \"Definitive Agreement\") whereby the Company will acquire 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: Pay to Durango US$25,000 cash at Closing (the \"Closing Cash Payment\"); Issue to Durango 10,000,000 common shares on Closing (the \"Consideration Shares\"), subject to a restriction on resale for a period of eighteen months (the \"Restriction Period\"); Assume up to US$500,000 in current accounts payables associated with holding the Project, which includes mineral concession payments of approximately MEX $8,850,000 or US $465,000; 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 pub...