GMV Minerals (v.GMV) just received 3.75 million v.CSQ shares GMV Minerals assigns Guyanese option to Canamex
2014-06-27 19:13 ET - News Release
Also News Release (C-CSQ) Canamex Resources Corp
Mr. Ian Klassen of GMV Minerals reports
GMV MINERALS INC. ANNOUNCES ASSIGNMENT OF GUYANESE OPTION AGREEMENT
GMV Minerals Inc. has assigned, via a fully executed deed of assignment and irrevocable powers of attorney, its option and joint venture agreement dated April 13, 2011, with Alfro Alphonso to Canamex Guyana Inc.
This assignment is in accordance with an option and joint venture agreement dated July 6, 2011, between GMV and Canamex through which Canamex was granted an option to acquire up to a 100-per-cent interest in 97 mining prospecting permits in Guyana referred to as the Aranka North properties (refer to news release dated July 6, 2011).
In consideration of the assignment, Canamex has made cash payments to GMV totalling $520,628 (U.S.), expended $1-million in exploration work on the Aranka North properties before Dec. 31, 2013, and issued a total of 3.75 million of Canamex Resources shares to GMV.
All payments to Mr. Alphonso pursuant to the April, 2011, option and joint venture agreement are currently being made by GMV.
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