Xiana Mining may acquire producing Cu, Au mine
Xiana Mining may acquire producing Cu, Au mine
2018-01-31 05:40 MT - News Release
Mr. Carlos Ballon reports
XIANA MINING ANNOUNCES ENTRY INTO A MEMORANDUM OF UNDERSTANDING FOR PROPOSED ACQUISITION OF A PRODUCING COPPER MINE
Xiana Mining Inc. has entered into a non-binding memorandum of understanding (MOU) in respect of the proposed acquisition of a producing copper and gold mining operation, subject to various conditions.
The MOU provides the company with, amongst other things, a binding 90-day exclusivity period with respect to conducting due diligence in relation to the operations. Following satisfactory completion of its due diligence, the company intends to submit a binding offer to the vendors (subject to such conditions as may be appropriate). Such offer may or may not be accepted and there is no certainty of conclusion of a transaction.
The company will provide further updates in relation to the MOU in due course.
About Xiana Mining Inc.
Xiana Mining is a mineral exploration and development company focused on acquiring and developing mining assets in Peru and Chile.
We seek Safe Harbor.
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