|
|
Article: Silverstone Completes Cozamin Silver Transaction and Closes $32 Million Private Placement
- Article from:
- CCNMatthews Newswire
- Article date:
- April 4, 2007
CopyrightCopyright 2007 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
|
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 4, 2007) -
Silverstone Resources Corp. ("Silverstone") (TSX VENTURE:SST) is
pleased to announce the closing of the previously announced
transaction pursuant to which a 100% owned Subsidiary of Silverstone
has agreed to purchase all silver produced by Capstone Gold S.A. de
C.V. ("Capstone Mexico"), a wholly owned subsidiary of Capstone
Mining Corp. (TSX:CS), at its Cozamin mine in Mexico for the next 10
years. The silver will be purchased for an upfront payment of US$44
million plus a per ounce payment at a price equal to the lesser of
US$4.00 (subject to an inflationary adjustment after three years and
yearly thereafter), and the then ...