Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3724

Deal #3724 Version #63146

Nicaragua

Created at

2013-05-13

Last update

2016-04-07

Last full update

2016-04-07

Land area

Size under contract (leased or purchased area)

[2012, current] 78525.0 ha

Intention of investment

[current] Mining

Nature of the deal

Lease, Exploitation permit / license / concession (for mineral resources)

Negotiation status

[2010, current] Concluded (Contract signed)

Implementation status

[2012, current] Startup phase (no production)

Purchase price

Comment on purchase price

The initial Option Agreement provided that the Company could earn a 51% interest in 11 exploration and exploitation mineral concessions with terms ranging from 20 to over 35 years covering approximately 70,000 hectares by funding C$8 million of exploration expenditures on the property by July 1, 2014, of which over C$4.5 million was funded by December 31, 2011.