Calvista Gold Corp. (TSX:T.CVZ, Stock Forum) said that it has entered into an agreement to acquire part ownership in a new exploration license.
Calvista's wholly-owned subsidiary, Calvista Colombia has entered into an option agreement to acquire 18.787% interest of all the minerals in the entire area of license FCC-814.
The license includes 132-hectares that border its Callejon Blanco prospect in California.
The area resides on the Pie de Gallo and San Celestino mineralized gold zones.
Calvista is a mineral exploration company focused on the acquisition, exploration and development of properties for the mining of gold and other minerals.
On Wednesday, Calvista was trading at $0.385 a share. The company has a market cap of $19.2 million, based on $49.9 million shares outstanding. The 52-week high and low was $0.95 and $0.15 respectively.