|
|
Article: MAG Silver & Penoles Announce the Formation of Minera Juanicipio S.A. DE C.V. ; Minera Juanicipio S.A. DE C.V.
- Article from:
- CCNMatthews Newswire
- Article date:
- December 21, 2007
CopyrightCopyright 2007 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
|
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 21, 2007) - MAG
Silver Corp. (TSX:MAG)(AMEX:MVG) ("MAG") and Industrias Penoles
S.A.B. DE C.V. ("Penoles") are pleased to announce that "Minera
Juanicipio S.A. DE C.V." (Minera Juanicipio) has been incorporated
in Mexico as the legal entity to operate the Juanicipio Joint
Venture. The shareholders of the company are: Industrias Penoles
S.A.B. DE C.V. which will hold a 56% interest in Minera Juanicipio;
and MAG Silver Corp. which will hold a 44% interest in Minera
Juanicipio through its wholly owned subsidiary Minera Los Lagartos
S.A. DE C.V. Penoles and MAG are now participating in the project as
joint partners and will fund expenditures on a ...