An anonymous director reports
PRIMERO CLOSES SALE OF CERRO DEL GALLO
Primero Mining Corp. has closed the previously disclosed sale of the Cerro del Gallo development project, via the sale of all of the issued and outstanding shares of San Anton Resource Corp., the indirect owner of the project, to Argonaut Gold Inc. Primero has received total consideration of $15-million (U.S.). The proceeds net of closing costs will be used to permanently reduce the outstanding balance on the company's revolving credit facility (RCF).
About Primero
Mining Corp.
Primero Mining is a Canadian-based precious metals producer that owns 100 per cent of the San Dimas gold-silver mine in Mexico.
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