This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Parlane Resource to acquire Mexican properties as QT 2009-11-05 10:28 ET - News Release Mr. Robert Eadie reports PARLANE ENTERS INTO AGREEMENTS TO ACQUIRE MEXICAN PROPERTIES Parlane Resource Corp., on Oct. 26, 2009, entered into agreements with Minera Zeppy SA de CV (Zeppy) and Jose Agustin Garcia Garcia (Garcia) whereby Parlane can acquire a 90-per-cent interest in various mining concessions owned by Zeppy and Garcia in Mexico, more commonly known as the Chacala properties. Zeppy is a private company incorporated in Culiacan, Mexico, and is controlled as to 46.5 per cent by Garcia, as well as other Mexican shareholders, including Manuel Beltran Meza, who controls 37 per cent of Zeppy. Garcia is a resident of Mexico. Zeppy, Garcia and all other shareholders of Zeppy operate at arm's length with Parlane. The proposed acquisition consists of various mining concessions covering a surface area of over 11,450 hectares situated in Durango, Mexico. The vendors of the properties have reportedly spent approximately $300,000 (U.S.) on geological and topographical studies covering the Chacala properties. These expenses have not been audited. The remainder is available to Stockwatch subscribers.
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