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First Mexican Gold Corp and Compania De Minas Buenaventura SAA Sign Non-Binding Agreement for Guadalupe Property in Mexico

Monday, 21 Jan 2013 10:21am EST 

First Mexican Gold Corp announced that it has signed a non-binding letter agreement with Compania De Minas Buenaventura SAA (BVN), pursuant to the terms of which BVN has been granted the right, for a period of 60 days from the signing, to complete due diligence and the right, at BVN's discretion, to negotiate terms and sign a definitive agreement with FMG to earn a 70% interest in the Company's 100% owned Guadalupe project. The objective of this proposed transaction is to further develop the Guadalupe property in Mexico , to provide capital for the Company and significantly expand the exploration program. The Company retains the Panda claim block for future exploration. 

Company Quote

4.55 +5.11%
9 Nov 2012