News release Agave optionor's board, shareholders OK Limerick deal
Ticker Symbol: C:AGV
Agave optionor's board, shareholders OK Limerick deal
Agave Silver Corp (C:AGV)
Shares Issued 25,834,059
Last Close 5/11/2015 $0.025
Tuesday May 12 2015 - News Release
Mr. Ronald Lang reports
AGAVE SILVER CORP. ENTERS INTO AGREEMENT WITH HASTINGS HIGHLAND RESOURCES LIMITED FOR OPTION ON NICKEL-COPPER PROPERTY
In late April, 2015, Agave Silver Corp. had reached an agreement with Hastings Highland Resources Ltd., subject to Hastings board approval. The Hastings board and shareholders unanimously approved this transaction at a special meeting held on Saturday, May 9, 2015. The exclusive option is to earn a 90-per-cent interest in Hastings's Limerick township nickel-copper property located in Ontario, Canada.
After a tumultuous past few years, Agave looks forward to a very positive 2015 season with the addition of this option on a Canadian nickel-copper property to add to its growing portfolio of Canadian hard-rock properties and the sale of its Mexican subsidiary, which cleared approximately $686,000 in debt.
Agave has engaged an investment banking firm focused on junior mining to raise up to $1.5-million for further development of the property and to bring historical data into a fully compliant National Instrument 43-101. Completion of the continuing 30-million-share financing will also provide capital for project development of its wholly owned silver-lead-zinc property at Kaslo's Keen Creek in British Columbia.
The Kaslo silver-lead-zinc property has a permit application ready to go with an ecological and archeological assessment completed by Kinbasket Development Corp. as consultant. The company expects to prospect/sample the old former producers throughout the property, starting with the reopening of the Cork Province mine tunnels for access to old workings to establish a baseline for extension of previous known resources.
We seek Safe Harbor.