Mr. Frederic Leigh reports
ESV RESOURCES CANCELS LOI FOR ACQUISITION OF LOMERO-POYATOS CONCESSIONS
ESV Resources Ltd. and Qvartz Capital Partners Inc. have agreed to cancel the letter of intent dated Nov. 12, 2020, between the company, Qvartz and Corporacion de Recursos Iberia SL (CRI) as CRI failed to comply with certain conditions precedent required for the closing of the transaction described therein, including satisfactory evidence of its ownership of the Lomero-Poyatos concessions by CRI.
The company and Qvartz continue to see value in and remain interested in acquiring the project. Accordingly, they continue to explore alternative avenues to acquire an interest in the project, provided that the currently outstanding title issues are resolved or settled among all the interested parties.
We seek Safe Harbor.
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