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Capital Gold Repurchases Interest in El Chanate Gold Mine, Sonora, Mexico.
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PR Newswire
- Article date:
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September 13, 2006
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Copyright informationCOPYRIGHT 2006 PR Newswire Association LLC. 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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Extensive Progress on Mine Construction
NEW YORK, Sept. 13 /PRNewswire-FirstCall/ -- Capital Gold Corporation (TSX: CGC; OTC Bulletin Board: CGLD) is pleased to announce it has repurchased the 5 net profits interest formerly held by Grupo Minera FG (FG), and subsequently acquired by Daniel Gutierrez Cibrian, with respect to the operations at the El Chanate mine. That net profits interest had originally been granted to FG in connection with the April 2004 termination of the joint venture agreement between FG and Minera Santa Rita, S.A. de C.V. de R. L. (MSR), Capital Gold's wholly owned Mexican subsidiary.
The purchase price for the buyback of the net profits interest ...
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