OTCQB:JOSMF - Post by User
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baystock1on Jul 30, 2017 10:36pm
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less than 2 years ago project valued at < $18 million
less than 2 years ago project valued at < $18 millionhttps://www.dgap.de/dgap/News/adhoc/ngex-acquires-interest-filo-del-sol/?newsID=820777
NGEX ACQUIRES 100% INTEREST IN FILO DEL SOL
NGEx Resources Inc 23.10.2014 23:31 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
October 23, 2014 (TSX:NGQ; NASDAQ:NGQ) NGEx Resources Inc. ('NGEx' or the 'Company') is pleased to announce that it has entered into a definitive agreement to acquire the 40% interest in the Filo del Sol project held by its partner Pan Pacific Copper Co., Ltd. ('PPC') for total cash consideration of US$7.0 million. The consideration is payable in two installments: US$3.5 million payable immediately and US$3.5 million by the earlier of November 1, 2015 or upon completion of an administrative restructuring of certain exploration licenses. As a result, NGEx holds a 100% interest in the Filo del Sol project.