NGEx Resources Inc 23.10.2014 23:31
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.