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Eurotin Acquires 100% Interest in Oropesa Tin Project in Spain

2/1/2013 2:08:00 PM
By: MT Newswires
Referenced Stocks:

Eurotin Inc. (TIN.V) announced that the necessary agreements for the transfer to Eurotin of a 100% interest in the Investigation Permit for the Oropesa tin property in southwestern Spain have now been finalized and signed by the parties.

Pursuant to a Sale and Purchase Agreement dated January 30, 2013, Sondeos & Perforaciones Industriales Del Bierzo, SA has now transferred to Eurotin's wholly-owned subsidiary, Minas De Estano De Espana, SLU, a 100% interest in Investigation Permit Oropesa number 13050. The two companies have also entered into a Shareholder Agreement relating to their respective continuing interests in the Oropesa Tin Property.