Adventus Zinc enters into option agreement and exploration alliance with Salazar Resources

14 September 2017
Client work

On Sept. 14, 2017, Adventus Zinc Corporation (TSXV: ADZN) and Salazar Resources Limited (TSXV: SRL) announced that they had entered into a definitive option agreement whereby Adventus may earn a 75% interest in Salazar's Curipamba Project (the "Project") located in Ecuador by funding exploration and development expenditures of US$25 million over the next five years. Both companies have also formed an exclusive exploration alliance to explore for additional zinc-related deposits in Ecuador outside of the Project area.

Gowling WLG advised Salazar Resources with respect to both the option agreement and the exploration agreement with a team that was led by France Tenaille and that included Brett Kagetsu, Irene Stewart and Raymond Ong (corporate) and Brent Kerr (tax).

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.
Related   Natural Resources, Mergers & Acquisitions

Related Insights & Resources

View all insights Related Insights & Resources
Client work
25 March 2020 Mawson Resources closes investment and acquisition in Australia
Client work
13 January 2020 Adventus and South32 sign earn-in and joint venture agreement for exploration projects in Ireland
Client work
15 December 2019 Tempus Resources enters into option agreement on Blackdome-Elizabeth Gold Project

Team

Download or print PDF