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Provider: Reuters Investment Profile
Provider: GlobalData
Provider: GlobalData
Provider: GlobalData

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Alix Resources Corp To Acquire 220 Acre Homestake (Arizona) Santa Maria Lode Gold Property

Thursday, 27 Dec 2012 09:54am EST 

Alix Resources Corp announced that it has signed an LOI to acquire the 220 acre Homestake (Arizona) - Santa Maria lode gold property located in Yavapai County, Arizona. This prospective property adjoins the previously announced (see PR dated November 5, 2012) Golden Granite acquisition and is located about 112 kilometers (70 miles) northwest from Phoenix along highway 93. To acquire a 100% interest in the property the Alix will make cumulative cash payments of $557,500 and issue 550,000 shares of the Company over a five year period. The vendor will retain a 2% NSR of which 1% can be purchased back for $1,000,000. This transaction is subject to TSX Venture Exchange approval. 

Company Quote

-0.0050 -25.00%
25 Aug 2014