Salazar Resources Ltd (QB) (SRLZF)

SRLZF https://finance.yahoo.com/news/salazar-intersects-14-43-metres-123000840.html
SRLZF

SALAZAR PROVIDES UPDATE ON CURIPAMBA AGREEMENT
VANCOUVER, BRITISH COLUMBIA, October 27th, 2014 - Salazar Resources Ltd. (TSX.V:SRL; FSE: CCG) (the “Company”) provides an update on the letter-of-intent (“LOI”) with Guangshou Group Co. Ltd. (“Guangshou”), a privately-held Chinese international mining conglomerate, for a joint venture to develop the Curipamba Project.
Pursuant to the LOI the Company has been working to complete a private placement financing of 4,545,455 units (a “Unit”), at a price of $0.22 per Unit, for gross proceeds of $1,000,000. Each Unit consists of one common share (a “Share”) of the Company and one-half of one share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder to purchase an additional Share of the Company for a period of 18 months from the closing date at a price of $0.35 per Share. The Company has received initial funding of $500,000 and has issued 2,272,727 Units. Completion of the remaining $500,000 of the $1,000,000 private placement remains a condition precedent to moving to the Definitive Agreement. A finder’s fee of 6% of gross proceeds is payable in cash to Scarsdale Equities LLC.
http://www.salazarresources.com/docs/2014/2014-10-27_SRL.pdf

News from August 26, 2014:
Salazar And Guangshou Group Announce Letter-Of-Intent To Advance The Curipamba Project In Ecuador
More: http://www.salazarresources.com/docs/2014/2014-08-26_SRL.pdf

More news regarding this transaction is expected as negotiations advance towards the "Definitive Agreement". The Parties have agreed to a 60-day completion period under the LOI, during which time the Parties will work to finalize the Definitive Agreement and the detailed terms of the proposed transaction.

Basic Terms of the Letter-of-Intent:

Under the LOI, and subject to approval of the applicable regulatory authorities, Guangshou is purchasing 4,545,455 units of the Company at $0.22 per unit, with each unit consisting of one common share and one-half of a share purchase warrant, with each full warrant being exercisable to acquire one additional common share of the Company at an exercise price of $0.35 per share for a period of 18 months. Thereafter, subject to finalizing the Definitive Agreement, Guangshou will have the right to earn a 60% interest in the Curipamba project by funding $50 million of development costs to bring the project into commercial production, in accordance with medium scale mining laws of Ecuador, within three years of material development permits. If development costs exceed $50 million, then Guangshou will provide the Company's share of required funding by way of loans, to be repaid with interest, from production profits. The Definitive Agreement will include other standard clauses, for transactions of this nature.

The letter of intent also states that once the Definitive Agreement is finalized, Guangshou will provide additional corporate funding to the Company of up to $1 million per year over the next three years, beginning in 2015, by way of private placement. In addition, Guangshou will, on signing of the Definitive Agreement, reimburse the Company $500,000 for certain land tenure payments and contributions to administrative overhead expenses previously incurred by the Company, and will also reimburse the Company for any project-related expenditures incurred between the date of the LOI and date the Definitive Agreement is finalized.

Mr. Fredy Salazar, CEO of Salazar Resources, stated, "We are pleased to sign this letter of intent, which we feel is in the best interests of our shareholders. The LOI allows us to advance El Domo to commercial production while pursuing new opportunities that will add value to our shareholders."

Mr. Huang Guoqin, Chairman of Guangshou Group Co. Ltd., stated, "We look forward to using our 20+ years of mining experience, including in Ecuador, to work with Salazar to advance the El Domo deposit to commercial production under the medium scale mining provisions of Ecuadorian Mining Law."

The El Domo deposit lies within the "Las Naves" concession, which is one of the 7 concessions that make up the Curipamba project (30,327.18 hectares) in the Bolivar and Los Rios Provinces in central Ecuador. El Domo is a high-grade, VMS-type deposit, with the following indicated and inferred resources as announced in the Preliminary Economic Assessment (PEA) in March 2014:

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Category Cut-off Tonnes Copper Zinc Lead Gold Silver
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$ (Mt) (%) (%) (%) (g/t) (g/t)
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Indicated 30 6.08 2.33 3.06 0.28 2.99 55.81
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Inferred 30 3.88 1.56 2.19 0.16 2.03 42.92
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Contained Contained Contained Contained Contained
Category Copper Zinc Lead Gold Silver
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(M lbs) (M lbs) (M lbs) (ozs) (ozs)
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Indicated 312.95 409.56 37.76 584,457 10,911,281
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Inferred 133.46 187.39 13.96 253,607 5,357,690
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SALAZAR AND GUANGSHOU GROUP ANNOUNCE LETTER-OF-INTENT TO ADVANCE THE CURIPAMBA PROJECT IN ECUADOR

Salazar Resources Ltd. and Guangshou Group Co. Ltd., a privately held Chinese international mining conglomerate, have entered into a letter of intent (LOI) for a joint venture to develop the Curipamba project and advance the El Domo deposit to commercial production. The LOI sets out certain terms and conditions pursuant to which Guangshou will finance development of the El Domo deposit to commercial production, with a commitment to invest $50 Million to earn a 60% equity interest in Curimining S.A., an Ecuador corporation that is a wholly-owned subsidiary of Salazar, all of which is subject to the negotiation of a definitive development and shareholders agreement ("Definitive Agreement") between Guangshou and Salazar.

Salazar Provides Update on $1.98 Million Private Placement
Vancouver, British Columbia, May 6, 2014 - Salazar Resources Ltd. (TSX.V:SRL; FSE:CCG) (the "Company") announces that it has made a final submission to the TSX Venture Exchange for a first tranche closing of its private placement (the “Private Placement”) announced on March 26, 2014. The Company will proceed with the closing of this portion of the Private Placement by issuing a total of 5,102,443 units of the Company ("Units"), at a price of $0.22 per Unit, for gross proceeds of $1,122,537.46. Each Unit consists of one common share of the Company and one-half of one transferable common share purchase warrant. Each whole warrant will be exercisable to acquire one additional common share of the Company at $0.35 for a period of eighteen months from the date of closing of the Private Placement.

SALAZAR announces $1.98 Million private placement financing
Vancouver, British Columbia, March 26th, 2014 – Salazar Resources Ltd. (the "Company") (TSX.V:SRL | FSE:CCG) announces a non-brokered private placement financing of up to 9 million units at $0.22 per unit for gross proceeds of $1,980,000. Each unit will consist of one common share of the Company and one-half of one transferable common share purchase warrant. Each whole warrant will be exercisable to acquire one additional common share of the Company at $0.35 for a period of eighteen months from the date of closing of the private placement. Insiders will be participating in the private placement and there will be finders’ fees payable on a portion of the private placement. The net proceeds from the private placement will be used to fund the Company’s exploration properties and for general working capital purposes.
http://www.salazarresources.com/docs/2014/2014-03-26_SRL.pdf

25/02/14 POSITIVE TESTWORK at EL DOMO
Salazar Reports Positive Metallurgical Testwork at El Domo
Vancouver, British Columbia, February 25, 2014
Salazar Resources Ltd. (the "Company") (TSX.V:SRL | FSE:CCG) is pleased to report positive results from the ongoing metallurgical testwork program for the 100% owned El Domo volcanogenic massive sulphides deposit ("VMS"). The metallurgical testwork is part of the upcoming Preliminary Economic Assessment ("PEA") report.
Highlights include:
• Preliminary metallurgical testworks confirmed that El Domo feed is amenable for conventional flotation technology.
• Testwork also confirmed the production of commercial quality flotation concentrates from "El Domo" deposit.
Mr. Fredy Salazar stated
"We are pleased to be able to report these positive results from El Domo. These metallurgical results are confirming previous test work as well as confirming the production of commercial-grade flotation concentrates from El Domo deposit to support our upcoming PEA. This is one more step towards the company achieving its goal for development and Curipamba.”
http://www.salazarresources.com/docs/2014/2014-02-25_SRL.pdf

Salazar Increases Indicated and Inferred Resources at El Domo Deposit
(Marketwired - Feb. 5, 2014)
http://www.juniorminingnetwork.com/junior-miner-news/news-releases/1658-tsx-venture/srl/24277-salazar-increases-indicated-and-inferred-resources-at-el-domo-deposit.html

CORPORATE PRESENTATION (Q3-2013)
“Partnered to develop Latin America’s next major VMS camp”
http://www.salazarresources.com/docs/SRL_PPT_Aug16_2013.pdf

http://ih.advfn.com/p.php?pid=nmona&article=60931685

Investors Info
http://www.salazarresources.com/share_structure.php

SHARE STRUCTURE
As of August 18th, 2013

Trading Symbol:
TSX-V: SRL
Frankfurt: SRLZF
WKN: A0MMLD
ISIN Number: CA7940071045

Shares Outstanding: 53,567,487
Options Outstanding: 967,500
Warrants Outstanding: 6,582,728
Fully Diluted: 61,117,715
FD Market Cap ( C $ MM) 10,084,423

Warrants Expiry Date
3,060,000 @ $0.65 Feb 2, 2014
1,250,000 @ $0.40 Sept 26, 2014
2,272,728 @ $0.35 Dec 10, 2014

Significant Shareholders
Management 30%
Trafigura 13%
Lundin Mining 9.90%
Silvercorp Metals 7.0%
Float 40%

www.salazarresources.com
Salazar Resources Ltd. is a publicly-listed (TSX.V: SRL; FSE: CCG) mineral resource company engaged in the exploration and development of new highly prospective areas in Ecuador. Led by a senior Ecuadorian management team and most notably, Fredy Salazar, this team has been instrumental in several major discoveries throughout Ecuador. Being an Ecuadorian based company gives the Company a strategic advantage with deeper understanding of Ecuadorian mining opportunities and enabling the Company to complete exploration at a rapid pace. With an excellent property portfolio (4 projects - 45,250 hectares), good geopolitical positioning and a number of strategic corporate and financial partnerships, Salazar has positioned itself to be a strategic player in Ecuador and throughout South America.

Salazar Resources Ltd. has two strategic investors with Lundin Mining Corporation (TSX: LUN) currently owning 13.5% on a fully diluted basis and Silvercorp Metals Inc. (TSX: SVM) currently owning 9% on a fully diluted basis.

SALAZAR PROVIDES UPDATE FROM THE PRESIDENT
Vancouver, British Columbia, December 3rd, 2013 - Salazar Resources Ltd. (TSX.V: SRL;
FSE: CCG) (the "Company") is pleased to provide the following update from Fredy Salazar, President
and CEO: http://www.salazarresources.com/docs/2013-12-03_SRL.pdf