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Polar Star Mining Corp completes sale of Chepica Mine


Tuesday, 4 Mar 2014 12:33pm EST 

Polar Star Mining Corp:Completed the sale of its Chepica gold and copper mine located 300km south of Santiago Chile to Xtract Resources Plc.Under the agreement, Xtract acquired 100 pct of the shares of a Barbados subsidiary of the company.This Barbados subsidiary owns 100 pct of a Chilean entity that holds an option agreement to acquire 100 pct of the Chepica gold and copper mine as well as the adjoining Talca exploration licenses and the Mejillones Phosphate Property.Consideration for the transaction includes 500,000,000 Xtract common shares valued at GBP 1,250,000. 

Company Quote

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20 Nov 2014