Further to the bulletin dated June 29, 2015, the TSX Venture Exchange has accepted additional documentation supporting a purchase agreement dated May 14, 2015, between Electrum Global Holdings LP, Southern Silver Exploration Corp., Southern Silver Holdings Ltd. and Minera Plata del Sur SA de CV, and a shareholders' agreement also dated May 14, 2015, between the parties, pursuant to which Electrum has an option to earn up to an indirect 60-per-cent interest in the Cerro Las Minitas property which comprises 19 mineral claims in Durango, Mexico.
Insider: Electrum Global Holdings LP
Work expenditures
On effective date for 10-per-cent interest: $500,000
(U.S.)
Within 18 months for 30-per-cent interest: additional $1.5-million (U.S.)
Within 48 months for 50-per-cent interest: additional $1.5-million (U.S.)
Within 48 months for a 60-per-cent interest: additional $1.5-million (U.S.)
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