The TSX Venture Exchange has accepted for filing a share sale agreement dated Dec. 27, 2019, between Prospero Silver Corp. and Aquatio S.A. de C.V. As per the agreement, Aquatio has acquired all the issued and outstanding shares in Minera Fumarola S.A. de C.V. Minera Fumarola holds the Pachuca property in Mexico.
Aquatio purchased Minera Fumarola for a cash purchase price of 5,000 (U.S.) and the assumption of all statutory liabilities and obligations of the subsidiary in Mexico, including property maintenance and abandonment, statutory employee severance, and tax obligations, estimated to aggregate to $95,000 (U.S.).
For further information, please see the company's news releases dated Sept. 30, 2019, and Dec. 31, 2019.
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