Deal #3724

Nicaragua
Created at
2013-05-13
Last update
2018-05-14
Last full update
2016-04-07

Land area

Size under contract (leased or purchased area)
  • [2012, current] 78525.0 ha

Intention of investment

Intention of investment
  • [current] Mining

Nature of the deal

Nature of the deal
Lease, Exploitation permit / license / concession (for mineral resources)

Negotiation status

Negotiation status
  • [2010, current] Concluded (Contract signed)

Implementation status

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.