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Salazar Resources Ltd (CKRC.F)

CKRC.F on Frankfurt Stock Exchange

0.08EUR
27 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Salazar Resources Ltd sells up to $600,000 of promissory notes
Tuesday, 31 Mar 2015 11:22am EDT 

Salazar Resources Ltd:Says company has agreed to sell up to $600,000 of Promissory Notes.To date company has received $200,000 on account of this financing from arm's length parties and is working to close out balance over the coming days.Proceeds from this financing will be used to pay annual tenure costs for company's mining concessions in Ecuador and for general working capital.Key terms of Notes to be issued are that they are unsecured, bear interest at 12 pct, and mature on March 31, 2016.has also agreed to issue to Note holders advancing $600,000 a total of 761,500 non-transferable share purchase warrants.  Full Article

Salazar and Guangshou Group announce letter-of-intent to advance curipamba project in Ecuador
Tuesday, 26 Aug 2014 07:30am EDT 

Salazar Resources Ltd:Salazar Resources Ltd. and Guangshou Group Co. Ltd. (Guangshou), announces that they have entered into letter-of-intent (LOI).Says for Joint Venture to develop Curipamba Project and advance El Domo deposit to commercial production.The LOI sets out certain terms and conditions pursuant to which Guangshou will finance development of El Domo deposit to commercial production.Says with commitment to invest $50 mln to earn 60 pct equity interest in Curimining S.A., an Ecuador corporation that is wholly-owned subsidiary of Salazar, all of which is subject to negotiation of definitive development and shareholders agreement between Guangshou and Salazar.  Full Article

BRIEF-Salazar provides update on its recapitalization plan

* Salazar provides update on its recapitalization plan Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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