(via TheNewswire)
The JV will facilitate the access to the powerful communities “Patronatos”, who play a key role in accepting local projects. It will also open the door to new ore suppliers by creating important relationships with land owners, small miners unions, local government institutions, while carrying a wealth of data to guide future exploration and development programs, including a team of four geologists.
About the Joint Venture
Glen Eagle’s local operating company Cobra Oro has created a subsidiary called Inversiones Pacifico, which comprises the Joint Venture with Indexta. The Joint Venture company is owned 70% by Cobra Oro and 30% by Indexta based on apro ratabasis going forward regarding future exploration programs. The JV does not affect ownership of Cobra Oro, which remains 100% owned by Glen Eagle.
About Indexta
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Forward Looking Statements:
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including with respect to the receipt of final approval of the Offering by the TSXV. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Corporation, including the timing and nature of all regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
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