Deals finalized VANCOUVER, June 6, 2013 /CNW/ -
TSX VENTURE COMPANIES:
CARACARA SILVER INC. ("CSV")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: June 6, 2013
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing documentation relating to a property option agreement (the "Agreement") dated May 2, 2013 between Inversiones Collodi S.A.C., a corporate vehicle controlled by Stellar Mining Peru Ltd. Sucursal del Peru (the "Optionee") and Solex del Peru S.A.C. (the "Subco"), a wholly-owned subsidiary of Caracara Silver Inc. (the "Company"). Pursuant to the Agreement, the Optionee shall have the right to earn a 65% interest in certain mining concessions of the Company's Peruvian properties (the "Properties"). The Optionee may earn an additional 5% interest by financing and completing a prefeasibility study on any of the subprojects or exploration targets on the Properties. The Properties are located near Lima, Peru.
In consideration of the option to earn a 65% interest, the Optionee shall pay an aggregate of $1,850,000 plus value added tax and must make $12,500,000 in exploration expenditures on the Properties over a four year period.
For more information, refer to the Company's news release dated May 3, 2013.
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