Last Updated :
27 May 2009 at 02:15 IST
Calibre Mining inks LoI with YRI
Commodity Online
Calibre Mining Corp. (CVE:CXB) has initiated a Letter of Intent (LoI) with Yamana Gold Inc. (TSX:YRI) to purchase an undivided 100% interest in NEN Gold-Copper Project in Nicaragua (Central America).
Calibre Mining is engaged in the acquisition, advancement and development of precious and base metal assets and mineral properties.
CXB shall acquire all the issued & outstanding shares of Yamana Gold's wholly owned Yamana Nicaragua S.A. for CAD$7.0 million payable through issuance of 12.0 million common shares of Calibre and no less than CAD$4.0 million in cash.
CXB was last traded at 0.19 and gained 90% in last 30 days at Toronto Venture Exchange while it touched a 52-week high of 0.25 and low of 0.01.
NCDEX GOLDINTLJUL2012 30 July 2012
contract was trading at
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