Aztec Minerals Corp. (TSXV:AZT) agreed to acquire remaining 35% stake in Cervantes gold-copper porphyry project in Sonora on July 22, 2022. In consideration for the acquisition, Aztec will transfer 10,000,000 common shares of Aztec's common stock to Kootenay at a price of CAD 0.25 per share. Kootenay retains a 0.5% net smelter return royalty (NSR). Upon completion of the transaction, JV Corp. to become a wholly owned subsidiary of Aztec.
Aztec Minerals Corp. (TSXV:AZT) completed the acquisition of remaining 35% stake in Cervantes gold-copper porphyry project in Sonora on August 23, 2022.