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

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Americas Bullion Royalty Corp Acquires 100% Of Springer Mining Company And Nevada Assets Held By EMC Metals Corp

Monday, 16 Sep 2013 08:45am EDT 

Americas Bullion Royalty Corp announced that it has entered into a binding letter of intent with EMC Metals Corp. (TSX:EMC) to acquire a 100% interest in its wholly owned subsidiary, the Springer Mining Company, including all related mine, mill and tungsten resource assets, along with all other Nevada properties held by EMC, for USD5 million. The acquisition of Springer Mining Company is the first transaction in AMB's plan to focus on acquiring undervalued or distressed natural resource assets in order to provide superior investment returns. 

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