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Article: El Capitan Precious Metals Signs Definitive Agreement to Acquire Arizona Mining Property.
- Article from:
- Business Wire
- Article date:
- August 27, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
ENGLEWOOD, Colo.--(BUSINESS WIRE)--Aug. 27, 2003
El Capitan Precious Metals, Inc. (OTCBB:ECPN) announced today that it has signed a definitive agreement with Gold and Minerals Co., Inc. ("Gold and Minerals") to acquire the mining claims, buildings and personal property known as the C.O.D. Property located in Mohave County, just north of Kingman, Arizona.
Gold and Minerals is El Capitan's majority stockholder. Gold and Minerals is receiving 1.2 million shares of El Capitan common stock as payment for the transaction.
The C.O.D. Property consists of 13 mining claims leased from the United States Bureau of Land Management ...
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... ... Continuing to reorganize its operations, El Capitan Precious Metals Inc. is ready to divest assets. El Capitan, with a market cap of $17 million ... properties, though only in small amounts. El Capitan owns 40% of the property, and Gold ...
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