Excerpt from Stockwatch Gold-Today In another acquisition, Doug Ramshaw's Minera Alamos Inc. (MAI) is acquiring the Suaqui Verde property in Sonora Mexico. Minera rose 1.5 cents to 33 cents on 491,000 shares on the news that the company will hold a 50-per-cent interest in the project, and it will also transfer a 50-per-cent interest in its Los Verdes and Potreritos copper projects into the holding subsidiary such that Minera and the Suaqui Verde vendor will own equal shares of the three projects.
Mr. Ramshaw, Minera's president, says that Suaqui Verde has been on his team's radar for many years, and its acquisition adds significantly to his company's copper assets in an area where it already operates. The asset combination into a single entity "greatly expands the potential options for developing a regional copper hub," he enthuses, adding that Minera also has a big presence in the area thanks to its Santana gold project.