International Northair Mines Ltd. Closes US$4.0 Million Royalty Transaction With Coeur Capital for La Cigarra Silver Project,...
2014年5月28日 - 2:51AM
Marketwired
International Northair Mines Ltd. Closes US$4.0 Million Royalty
Transaction With Coeur Capital for La Cigarra Silver Project,
Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2014) -
International Northair Mines Ltd. (TSX-VENTURE:INM) (the "Company"
or "Northair") is pleased to announce that it has received approval
from the TSX Venture Exchange and satisfied all conditions
precedent for the Net Smelter Return ("NSR") royalty agreement
("Royalty Agreement") with Coeur Capital Inc. ("Coeur") as
previously announced on May 21, 2014 (see INM PR#14-05).
Northair has received US$2,250,000 for a 1.25% NSR; and a
further US$1,750,000 will be paid on September 2, 2014 for an
additional 1.25% NSR payable on future production from the La
Cigarra silver project (the "Project"), located in north central
Mexico.
Proceeds from the Royalty Agreement will be used for working
capital and will allow Northair to earn a 100% interest in certain
key mineral rights comprising the Project, as well as carry out
continued exploration including at least 5,000 metres of core
drilling.
Northair will pay a finder's fee totalling US$80,000 to Raymond
James Ltd. for their assistance in arranging this transaction with
Coeur.
About International Northair Mines Ltd.
International Northair Mines Ltd is a mineral exploration
company engaged in the acquisition and development of gold and
silver properties in Mexico. Northair is focused on advancing its
La Cigarra silver project located in the state of Chihuahua, which
currently hosts a NI 43-101 Resource estimate of 50.4 million
ounces of silver in the Measured & Indicated categories grading
76 g/t silver and 3.5 million ounces of silver in the Inferred
category grading 61 g/t silver constrained by a Whittle pit shell
at an economic cutoff grade of 30 g/t silver (assuming
metallurgical recoveries of 84% silver). The La Cigarra silver
deposit also contains appreciable amounts of lead, zinc and gold as
referenced in the San Gregorio/Las Carolinas Resources Technical
Report La Cigarra Project, Chihuahua Mexico dated effective
February 26, 2013.
ON BEHALF OF THE BOARD,
INTERNATIONAL NORTHAIR MINES LTD.
Fred G. Hewett, P.Eng., President & CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
This news release may contain forward looking statements
which are not historical facts, such as resource estimates,
anticipated results and costs, and discussions of goals and
exploration results, and involves a number of risks and
uncertainties that could cause actual results to differ materially
from those projected. These risks and uncertainties include, but
are not limited to, metal price volatility, volatility of metals
production, project development, resources estimates, future
anticipated resources and cost engineering estimate risks,
geological factors and exploration results. See Northair's filings
for a more detailed discussion of factors that may impact expected
results.
International Northair Mines Ltd.Fred HewettPresident &
CEO604-687-7545 or 1-888-338-2200International Northair Mines
Ltd.Chris CurranManager, Corporate Communications604-687-7545 or
1-888-338-2200info@northair.comwww.internationalnorthair.com
Northair Silver Corp. (TSXV:INM)
過去 株価チャート
から 5 2024 まで 6 2024
Northair Silver Corp. (TSXV:INM)
過去 株価チャート
から 6 2023 まで 6 2024