Golden Reign Acquires Remaining 20% Interest in San Albino-Murra Gold Property
Golden Reign Resources Ltd. (GRR.V) announced that it has completed an agreement to acquire the remaining 20% interest its flagship San Albino-Murra Gold Property, Nicaragua.
The company has been actively working towards acquiring a 100% ownership stake in the highly-prospective property since late 2011. In spring 2012, Golden Reign completed its earn-in of an initial 80% interest in the property approximately 1.5 years ahead of schedule.
The company has the right to purchase the 20% interest in the property by making cash payments totalling US$650,000 and issuing 2,100,000 common shares from its treasury over a period of 12 months.
The agreement is subject to regulatory acceptance.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.