Ranchero Announces Closing of the Sale of Its Santa Daniela Property and Receipt of US$1,892,000 [Financial Post (Toronto, Ontario, Canada)]
Alamos Gold Inc. Class A Common Shares (AGI)
Last alamos gold inc. class a common shares earnings: 4/29 05:00 pm
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Source: Financial Post
VANCOUVER, British Columbia, June 19, 2024 (GLOBE NEWSWIRE) — Ranchero Gold Corp. (“ Ranchero ” or the “ Company ”) (TSX.V: RNCH) is pleased to announce that its wholly-owned subsidiary Minera y Metalurgia Paika, S.A. de C.V. (“ Paika ”) has closed the sale of four mineral licenses (the “ Licenses ”) of the Santa Daniela project, as announced in the Company's press release dated December 27, 2023, to Minas de Oro Nacional, S.A. de C.V. (“ Minas de Oro ”), a wholly-owned subsidiary of Alamos Gold Inc. (TSX:AGI). The Company has received a total of US$2,550,000 for the sale of Paika's interest in the Licenses, of which US$658,000 was paid on signing of a letter of intent and a further US$1,892,000 on closing, following official transfer of the Licenses to Minas de Oro. Article content Additionally, in the event that Minas de Oro declares a Mineral Reserve of, or mines, greater than 500,000 ounces of gold within the Licenses, a further payment of US$2,500,000 will be due to Paika fr
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