GREY:BLITF - Post by User
Post by
muchogustoon Jan 17, 2017 6:06am
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Post# 25716124
[Mr. Bernal and Mr. Dehn / Dec 2016!!]
[Mr. Bernal and Mr. Dehn / Dec 2016!!]
Please find the latest articles about GRABASA and FAIRMONT. It's obvious what is going on, but do your own DueDiligence:
Sources : HOY.ES or LaCronicaBadajoz.COM
The court of Mercantil de Badajoz tries to unlock the paralysis in which is the operation of purchase of Grabasa. About the granite company of Burguillos del Cerro there is a purchase option by Canadian Fairmont Resources. He presented it last June for 2.7 million but has only put 150,000 euros despite the fact that Fairmont has been broadcasting several times that Grabasa is still standing.
In this situation, the court, dated December 2, has sent a notice stating that Fairmont has a deadline to make the purchase effective before December 31. In that letter a door is left open to pick up the option of the Canadian company explaining the reasons why it has not yet done all of the commitment. Miguel Bernal, CEO of Avante, said yesterday that Fairmont has recently told him that the payout would be imminent. Fairmont would buy along with other partners Grabasa.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 28, 2016) - Fairmont Resources Inc. ("Fairmont") (TSX VENTURE:FMR) is pleased to announce it has received an extension to complete the payment for Granitos de Badajoz ("Grabasa") until February 22, 2017 from the Spanish Court in Badajoz. "We are optimistic that a financing solution is close at hand for completing the acquisition of Grabasa.
Really hopeful articles for all Long term investors. Looking forward to have an eventful spring time. GLTA