SolGold has signed the exploitation for its flagship copper-gold Cascabel project in Ecuador. The milestone follows the successful contractual negotiations and approval of the term sheet by the government of Ecuador in last summer. The contract and existing legislation and regulations establish the legal and financial terms and conditions required for Cascabel’s development. “The signing of the exploitation contract for…
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Cornerstone, SolGold merger consolidates Cascabel ownership
Australia-based, Ecuador-focused SolGold and Canada-based Cornerstone Capital Resources have entered into a friendly merger transaction, consolidating ownership of the copper-gold Cascabel project in Ecuador. Under the terms of the agreement, SolGold will acquire all of the issued and outstanding shares of Cornerstone, pursuant to a court-approved plan of arrangement. Cornerstone shares will be exchanged for 15 SolGold ordinary shares for…
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